Non-agency MBS issuance picked up prior to the election then paused for about a week. Redwood ended the lull.

Annaly Capital Management increased its non-agency correspondent activity during the third quarter.

HomeLend, which aims to increase liquidity in the mortgage market, completed a new investment round.

Click n’ Close expands shared appreciation mortgage product offering; and Kiavi promotes Tim Lawlor to the post of chief financial officer.

The former president has proposed banning mortgages for undocumented immigrants if elected to a second term. At this point, the loans are largely only available in the non-agency market.

Planet Management Group is increasing its non-agency servicing portfolio and recently received an upgraded rating.

With debt service coverage ratio loans becoming increasingly popular among lenders, underwriters need to balance guidelines against regional variations in rental values.

Refi promotion at A&D and DSCR expansion; Hometap brings new HEI securitization; Aclara Lending enters the non-QM lender space.

Brokers took ground in nonconforming loan originations from retail and correspondent lenders during the first half of 2024. (Includes two data tables.)

Despite interest rate cuts from the Federal Reserve, fix-and-flip lenders believe a lack of inventory and traditional seasonality will lead to a quiet end to 2024.