The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit.

The company recently received pre-seed funding to launch a stablecoin, $USH, that will be pegged to its portfolio of home equity investments.

Brookfield to acquire majority stake in Angel Oak; Dominion Financial launches AI chatbots; Carrington Mortgage’s correspondent channel goes fully non-QM; Sachem Capital takes loss in 2024.

Loan originators are looking to bank statement and DSCR loans to boost production in a higher-for-longer interest rate environment, according to Tom Hutchens, president of Angel Oak Mortgage Solutions.

Fix-and-flip operators saw increased competition in some areas in the fourth quarter, but are optimistic for growth in 2025.

Santander Bank joins non-QM MBS issuer ranks; Annaly starts securitizing HELOCs; AFR improves pricing on non-owner-occupied loans; A&D Mortgage launches AUS platform for non-QM loans.

Insurance companies are using whole-loan purchases to better define the credit box for originations.

The total amount of nonprime servicing handled by a group of 20 specialists rose 2.2% from the end of the third quarter to the end of 2024. (Includes data table.)

Debt service coverage ratios are moving close to 1.0 but performance remains strong due to tight underwriting of borrowers.

Increased securitization issuance in the fourth quarter helped fuel profits for Ellington Financial.