Velocity Financial reduced its production of business purpose loans for the second consecutive quarter but remained profitable in the early months of 2023.

Republic First Bank exits mortgage business; LoanNex’s non-QM marketplace comes to LendingPad; Former Athas Capital CEO to launch non-QM shop; new non-agency MBS; Maxex debuts program for alternative-doc loans.

Porsche plans a return to the ABS market after seven years and Lobel Financial issued its first ever ABS.

Tightening of lending standards by banks in the wake of elevated interest rates has created an opportunity for nonbanks to increase their share of the home-equity lending market.

Invictus Capital Partners’ Verus Mortgage Capital is set to issue its fourth expanded-credit MBS of the year.

Fitch Ratings has warned that jumbo MBS could face ratings pressure due to newer production.

Lenders that focus on non-agency business-purpose lending are seeing success while traditional mortgage lenders struggle.

Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.

While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.

Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...