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.

Although it booked a loss in the fourth-quarter, MFA believes a variety of management changes at its business-purpose affiliate lender will boost originations in 2025.

The firm has been restructuring its portfolio since 2022 with the goal of producing “durable” earnings.

Redwood has grown its bank partnerships over the last couple of years to prepare for a market in which depositories want to move away from mortgage lending.

The fix-and-flip lender says a diversity of funding options will give it a “wide and nimble” credit box.

Maxex expects increased investor demand and high interest rates to help drive non-agency loan originations in 2025.

Onslow Bay’s non-agency correspondent aggregation and sales originations lifted Annaly’s earnings in the fourth quarter.