Better has record HELOC growth; loanDepot expands equityFREEDOM product portfolio; Angel Oak reduces some requirements for non-QM products.

NYMT has restructured its portfolio over the past two years to stop lending for multifamily properties and minimize funding of ground-up construction projects.

Banks are increasingly turning to nonbank partners to reduce their mortgage portfolios.

The deal received a preliminary AAA rating from S&P Global Ratings.

Servicers may need new strategies to reach younger homeowners who prefer not to talk on the phone or respond to snail mail.

Retaining servicing rights on production can provide originators a profit opportunity, if they are able to manage the business effectively.

Servicers said they believe the industry can do a better job of educating homeowners of natural disaster risks to their homes.

Servicing executives said enhanced data have helped homeowners avoid foreclosure and kept overall losses down for investors.

Rates were up across all default categories in the fourth quarter of 2024.

The REIT expects that its bank relationships and innovative loan products will boost earnings in 2025.