Loan originators want to see guidelines expanded for borrowers with variable sources of income.

The $525 million ABS backed by private loans was placed exclusively with funds and accounts managed by PGIM.

The fund will invest in subordinate asset tranches of ABS.

The wildfires in California may prompt a rare decline for home prices in the Golden State.

Non-core products are areas of the market in which non-agency financing is seen as being able to compete with Fannie Mae and Freddie Mac.

The top three originators of mortgages backing expanded-credit MBS are Acra Lending, Angel Oak and A&D Mortgage.

Bank statement and alternative-documentation mortgages helped increase expanded-credit MBS issuance in the fourth quarter of 2024. (Includes three data tables.)

The deal is expected to boost A&D’s originations of agency loans. The lender has so far focused on expanded-credit mortgages.

It was largely business as usual for Fannie Mae and Freddie Mac in the fourth quarter. But going forward, the Trump administration could make moves to reduce the two GSEs’ activity. (Includes data table.)

Changing market dynamics and training efforts provided a boost to Rate’s non-qualified mortgage business last year.