Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.

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.

An artificial intelligence-powered real estate technology company, reAlpha Tech Corp., took a loss of $4.1 million in the second quarter of 2025.

Insurance property costs are rising due to increased risk and damage from natural disasters, and are contributing to increases in delinquencies.

The suit says allegations of mortgage fraud are pretextual and an attempt to undermine the independence of the Fed.

The median amount due at application dropped in July.

Production is cooling off even as interest rates on RTLs decline.

One executive said underwriters should be extra careful and check the certified public accountant documentation.

Banks and thrifts increased their holdings of first-lien mortgages by 0.7% during the second quarter of 2025 compared to the end of March. (Includes data table.)

Leaders of non-QM lenders caution that fraud is a concern with bank statement mortgages and loans underwritten based on business profit and loss statements.