The platform offers end-to-end support and closing times measured in days, not weeks.

After deploying new solutions for the non-QM market, Maxex has partnered with South Street Securities Holdings and Atlas Merchant Capital for a new equity investment round.

Netherlands-based Anyone.com is the latest to throw its hat into the growing shared-ownership mortgage space. Its goal is to stretch available financing to assist as many homebuyers as possible.

The Loan Store launches HELOC product; LendingPros debuts condotel financing solution; Carrington Mortgage introduces 40-year fixed-rate terms for non-QM products; RenoFi partners with TruStage for after-renovation-value HELOCs; WAMC merges with Terra Property Trust; UWM announces four new bank statement loan options.

Change Mortgage’s unique approach to underwriting for underserved communities has earned the CDFI its first AAA-rated security.

The share of no- or sub-ratio loans in the DSCR space rose to 43.7% in the first quarter of 2023, according to DBRS. A ratio of less than 1.0 indicates monthly rent doesn’t fully cover loan payments.

Renewed calls for standardization come with potential challenges unique to the non-QM sector.

The lender’s lawsuit alleges that a former account executive took private broker information from the company’s database and broke the lender’s noncompete clause.

Originations of expanded-credit mortgages declined in the first quarter, but not as much as total first-lien production. Trends among expanded-credit lenders were decidedly mixed. (Includes data chart.)

At a non-QM conference this week, leaders of non-QM operations detailed the importance of education for lenders looking to expand their book of business.