Initially, the securitization will facilitate originations by Finance of America Mortgage and Quicken Loans...

HomeLight, a financing company that allows homebuyers to make cash offers, recently received a $100 million credit facility from Credit Suisse…

Stavvy has secured $40 million in an initial funding round while Spruce closed on a $60 million Series C round. The vendors provide tech-related services for lenders and servicers.

Officials at Doma, which is set to go public via a special purpose acquisition company maneuver, said the company might not be profitable until 2023.

After months of sporadic issuance of MBS with newer non-QMs, five deals are in the market with fresh production. PIMCO is also selling off some older loans originated by Citadel Servicing.

Stakeholders believe an alignment will ensure the most competitive mortgage terms are accessible to the broadest segment of QM-eligible borrowers while continuing to promote safe and sound lending practices.

Previously, the largest post-2010 prime non-agency MBS from Goldman was a $622.1 million deal issued in April.

Competition among the two dominant players in the wholesale channel continues to reduce the profit equation. However, margins from retail lending remain robust … for the moment.

After a long slowdown tied to the pandemic, the Angel Oak family of companies is ramping up its originations of non-QMs...

The renewed emphasis on the correspondent channel was widespread, with nearly every lender in the group increasing originations on a sequential basis.