UWM more than tripled its nonconforming originations in the first quarter of 2024 compared with the first quarter of 2023. Brokers gained share from both the retail and correspondent channels. (Includes data table.)

Innovation and concerns are arising in the home equity lending space as home values increase.

The housing environment and new rating methodology have led to an improving securitization market for business purpose loans.

Insurance companies are looking to build on their non-QM investments in the years to come.

Figure believes its new HELOC marketplace can be a “game changer” for originators.

Accessory dwelling units and manufactured homes offer new niches for non-QM lenders to target.

A&D Mortgage increases loan limits for foreign national loans; Invictus Capital Partners starts loan-selling business for insurance companies; Dunmor adds two new executives.

Newfi will provide a financing facility to Dunmor to help expand its footprint in the residential transition loan space.

The $141 million deal was oversubscribed with interest from both new and repeat investors.

The impairment rate for securitized non-QM loans fell in April, relieving some pressure on servicers.