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.

Falling interest rates and demand for alternative funding options should boost commercial MBS issuance, according to Morningstar DBRS.

Three non-agency MBS hit the market this week and more deals are in the pipeline.

Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.

Home price appreciation and concerns about the economy look to be outweighing the recent decline in interest rates.

Erbey's CEO role will include a base salary of $50,000 per year and no other forms of compensation.

Consumers are feeling little optimism for the 2024 housing market as affordability concerns continue to push would-be buyers away from purchasing a home next year.

New standards for qualified mortgages have created documentation hurdles for lenders and loan aggregators.

The lawsuit involved HAMP-modified loans in 36 non-agency MBS. Wells Fargo was the trustee of the securitized trust.