The share of noncore GSE products, including conforming jumbos, cash-out refinances, mortgages for investment properties and second homes, dropped in 2023. (Includes data table.)

Despite growing delinquencies, Morningstar DBRS has provided a stable outlook for the securitization markets involving non-QM loans and HEI agreements.

Anchor debuts TPO channel; Kiavi issues unrated residential transition loans securitization; Acra Lending launches new broker portal.

A handful of major originators, including Change Lending and Arc Home, didn’t have any expanded-credit mortgages securitized in the fourth quarter of 2023. (Includes three data tables.)

Downpayments has secured funding allowing it to offer downpayment loans for investment properties secured by a second mortgage.

A&D Mortgage has debuted a mortgage program designed to provide new homeownership options for non-permanent residents who have an individual taxpayer identification number issued by the IRS.

Angel Oak promotes chief investment officer; mortgage credit availability for jumbos drops in December; Logan Finance hires Paramount Residential Mortgage Group alumnus.

The amount of fix-and-flip properties sold in the third quarter of last year was down slightly but investors are hopeful that the market will pick up steam in 2024.

NQM Funding updates DSCR product requirements; Truss Financial Group debuts no tax return HELOC product; Academy Mortgage launches DSCR offering; Angel Oak issues non-agency MBS that leverages blockchain technology.

PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio.