Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.

Non-QM investors prefer disciplined originators, instead of lenders who scale quickly even if it causes additional risk.

Two Harbors disclosed today that it discussed options with UWM CEO Mat Ishbia during a Zoom call on Thursday. However, no new offer was submitted ahead of the Friday deadline.

Under the proposed rule, the new definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

Redwood's new MBS is stocked with bank statement and debt service coverage ratio loans.

Home prices are down in some areas, but inflation is more than offsetting any relief for homebuyers.

The automated AI trade included a $3 million to-be-announced deal that went to a competitive auction across all dealers, and two $500,000 trades that were routed to dealers selected by Pike Creek Mortgage.

VantageScore’s CEO said he doesn’t think FICO’s trended data score will be operational with the GSEs anytime soon.

Two Harbors seeks cash-only offer from UWM; Capital One executive nominated for director of CFPB; SPS settles servicing issues with California; First Federal selling third-party origination business to Mortgage Forward; Sunflower Bank and OceanFirst sell multifamily assets.

Silvio Tavares, president and CEO of VantageScore, downplayed concerns that some originators would use both classic FICO scores and VantageScore 4.0 in the underwriting process and pick the better of the two scores to qualify a borrower.