At a non-QM conference this week, leaders of non-QM operations detailed the importance of education for lenders looking to expand their book of business.

Gig economy workers offer a new type of self-employed borrower for lenders to approach, but they come with their own set of underwriting challenges.

A group of 20 nonprime servicing specialists increased their portfolio by 7.4% from the fourth quarter of 2022. (Includes data chart.)

Since the first quarter of 2022, the top 30 servicers of non-agency jumbo mortgages have grown their jumbo portfolios by 11.8%. (Includes data chart.)

Legislation in 12 states may impact the buying power of foreign nationals from seven countries.

Ownify launched its fractional homeownership program in the Triangle area of North Carolina after raising $7 million in seed funding.

Roc360 acquires BPL assets from Civic Financial Services; new non-agency MBS; non-agency MBS performing well; UWM launches new jumbo products; fractional home-equity provider.

“MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.

Spreads on new non-agency MBS issuance are tightening. Still, issuance is expected to decline on an annual basis.

Chase leadership anticipates building strong relationships with the affluent borrowers that First Republic garnered throughout its 38-year existence.