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.

The lender is seeing strong demand from borrowers and the secondary market for non-agency business purpose loans.

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.

The lawsuit involves paperwork errors for the titles of 10 Georgia properties where Groundfloor provided business purpose loans.

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

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.

New non-QM lender opens shop; Angel Oak REIT posts 4Q loss; A&D Mortgage and Imperial Fund look to attract more insurance company investors through a new partnership with Clearwater Analytics.

Explosive growth in business-purpose production at an affiliated originator helped Rithm turn a profit in the fourth quarter.