“These are great times for us to see what new opportunities are available,” said Ingrid Ripley, executive director of the single-family housing guaranteed loan program for the Rural Housing Service.

“Our entire vision is to build the company as an infrastructure provider that allows people to offer a mortgage right at the point of sale,” Realfinity CEO Luca Dahlhausen said.

Newfi is an affiliate of asset management firm Apollo.

The company wants to help real estate agents become mortgage brokers and close loans with less overhead costs.

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.