Toorak Sues Private Money Lenders, Alleging RTL Fraud September 5, 2025 Abby Zimmardi The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.Read More
Smaller Bank Offering Non-QMs Through Wholesale September 5, 2025 Abby Zimmardi American Pride Bank’s wholesale unit this week launched a non-qualified mortgage portfolio product suite.Read More
News Briefs September 5, 2025 Abby Zimmardi Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.Read More
Some Non-QM MBS Offering Floating-Rate Tranches September 4, 2025 Abby Zimmardi Issuers of MBS backed by non-qualified mortgages are starting to include floating-rate tranches, a feature more commonly seen in jumbo MBS and certain other asset classes.Read More
Mortgage Tech Company reAlpha Takes Loss in 2Q August 29, 2025 Abby Zimmardi An artificial intelligence-powered real estate technology company, reAlpha Tech Corp., took a loss of $4.1 million in the second quarter of 2025.Read More
Rising Homeowner Insurance Costs Can’t Be Stopped August 29, 2025 Abby Zimmardi Insurance property costs are rising due to increased risk and damage from natural disasters, and are contributing to increases in delinquencies.Read More
Federal Reserve Governor Sues Trump August 28, 2025 Abby Zimmardi The suit says allegations of mortgage fraud are pretextual and an attempt to undermine the independence of the Fed.Read More
Short Takes: Mortgage Application Payments Decrease / Homebuyers Wait / Non-QM Performance Improves / Mortgage Delinquency Rates Rise August 28, 2025 Abby Zimmardi The median amount due at application dropped in July.Read More
Residential Transition Loan Originations Simmer August 27, 2025 Abby Zimmardi Production is cooling off even as interest rates on RTLs decline.Read More
Troubling Signs of Non-QM Fraud? August 25, 2025 Abby Zimmardi One executive said underwriters should be extra careful and check the certified public accountant documentation.Read More