Angel Oak executives believe home equity products for self-employed and non-QM borrowers could be a growth area for brokers this year.

The tool for non-QM lenders is designed to help replace the 1007 form traditionally used for appraising rental properties.

Downpayments has secured funding allowing it to offer downpayment loans for investment properties secured by a second mortgage.

Buy-before-you-sell loan provider Calque has filed a patent for parts of its Trade-In Mortgage product.

A&D Mortgage has debuted a mortgage program designed to provide new homeownership options for non-permanent residents who have an individual taxpayer identification number issued by the IRS.

Angel Oak promotes chief investment officer; mortgage credit availability for jumbos drops in December; Logan Finance hires Paramount Residential Mortgage Group alumnus.

A decline in expanded-credit MBS activity led to an overall drop in non-agency MBS issuance in the fourth quarter of 2023, while prime non-agency MBS rebounded to close out the year.

Non-QM lenders forecast growing origination volumes and a need for more staff to handle increased production.

William Erbey, the founder of Ocwen Financial, was selected as CEO of Altisource Asset Management. Erbey owns nearly 50% of AAM.

New legislation that would make it easier for workers in the legal cannabis industry to receive mortgage financing is unlikely to pass the Senate in 2024.