Nick Bhargava, co-founder and executive vice president of regulatory affairs at Groundfloor Financing, said the current lack of affordable housing inventory has caused real estate investors to look to fix and flip more properties.

KBRA said 24 of its rated RMBS transactions have more than 5% exposure to properties located in the counties affected by the LA fires.

ECM and agency-eligible loans helped pick up the slack for non-agency MBS issuance in the fourth quarter as prime volume slowed.

Redwood said it will now aggregate bank statement loans, CPA-prepared profit-and-loss statements and debt service coverage ratio loans through its Aspire correspondent platform.

MBS investors remain protected despite rising delinquencies on non-qualified mortgages.

RTL lender Groundfloor believes strong investor demand and a lack of available housing should help boost the market this year.

A new regulation in California will affect originations of business purpose loans. Other concerns include potential regulation of automated underwriting and rising costs for property insurance.

The mortgage marketplace and conduit is offering prime and non-QM jumbo products.

Loan balances on loans for investment properties increased in 2024.

Three issuers have started marketing non-agency MBS thus far in January, including two expanded-credit MBS.