Student loan debt and rising interest rates are causing challenges for mortgages underwritten using debt service coverage ratios.

Altisource Asset Management spilled $13.4 million of red ink in the third quarter, bringing its total losses to $23.9 million since the fourth quarter of 2022.

CFPB increases threshold to determine whether higher-priced mortgage loans are subject to special appraisal requirements; LoanStream licensed in Alaska; Upstart launches HELOC product; Valley National Bank launches HELOC for LMI borrowers.

Despite reporting a loss in the third quarter, Annaly Capital Management saw gains in its non-agency correspondent business.

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

Expanded-credit mortgage securitizations picked up in the third quarter of this year as second-rung players increased their participation in the market. (Includes three data tables.)

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.

The company’s buy-before-you-sell product will initially be offered through the wholesale channel.

Acra Lending implements Tavant solution; Angel Oak Mortgage announces guideline enhancements; Fluent Mortgage expands East Coast footprint; ClearEdge Lending adds P&L underwriting to all non-QM programs.

Lenders are considering alt-doc loans to drum up originations in a highly compressed market.