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Home » Topics » Inside Nonconforming Markets » Expanded Credit

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News Briefs

April 12, 2024
James Dohnert
Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.
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Ruling May Have Major Impact on BPL Market

March 29, 2024
James Dohnert
A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.
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Nonbanks Turn to Second Liens (and Second Homes)

March 29, 2024
James Dohnert
Nonbank lenders are offering new HELOC options for homeowners who are self-employed or are looking to tap equity in their investor and second-home properties.
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RCN Capital Ditches Hard Credit Pulls

March 29, 2024
James Dohnert
RCN Capital’s new tri-merge soft credit pull allows investors to qualify for a loan without negatively impacting their credit score.
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Non-Agency MBS Flow Jumps Near End of First Quarter

March 29, 2024
James Dohnert
A total of 11 new MBS hit the market in the past two weeks. Chase accounted for four of the deals, with two jumbo offerings, an investment property loan securitization in partnership with Visio-Beach Point Mortgage Trust and a securitization of closed-end second liens.
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Flipping Activity Down as Investor ROI Shrinks

March 29, 2024
James Dohnert
A challenging market for fix-and-flip homes has led more investors to seek financing on their projects.
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News Briefs

March 29, 2024
James Dohnert
Calque adds new partner for Buy Before You Sell program; Angel Oak Mortgage REIT loses board member; A&D Mortgage licensed in Vermont.
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ECM Aggregators Expect Uptick in Originations, Loan Sales

March 15, 2024
James Dohnert
Ellington Financial, MFA Financial and AG Mortgage Investment Trust boosted net income in the fourth quarter and expect to see strong performance this year.
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Velocity Boosts Originations, Income in Fourth Quarter

March 15, 2024
James Dohnert
Velocity Financial said it benefited from less competition in its business-purpose lending niche.
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Steadworth Fund Launches Unique Shared-Equity Product

March 15, 2024
James Dohnert
Steadworth’s shared-equity agreement offering includes downpayment assistance for homebuyers.
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