Delinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.

NewFi Lending is touting its EquityChoice product as one of the first new mortgage products to hit the market in more than 30 years.

William Erbey, the founder of Ocwen Financial, was selected as CEO of Altisource Asset Management. Erbey owns nearly 50% of AAM.

New legislation that would make it easier for workers in the legal cannabis industry to receive mortgage financing is unlikely to pass the Senate in 2024.

Planet Home Lending plans to grow its construction loan volume this year and recently hired a construction sales manager.

The amount of fix-and-flip properties sold in the third quarter of last year was down slightly but investors are hopeful that the market will pick up steam in 2024.

NQM Funding updates DSCR product requirements; Truss Financial Group debuts no tax return HELOC product; Academy Mortgage launches DSCR offering; Angel Oak issues non-agency MBS that leverages blockchain technology.

Falling interest rates and demand for alternative funding options should boost commercial MBS issuance, according to Morningstar DBRS.

Three non-agency MBS hit the market this week and more deals are in the pipeline.

Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.