With debt service coverage ratio loans becoming increasingly popular among lenders, underwriters need to balance guidelines against regional variations in rental values.

Refi promotion at A&D and DSCR expansion; Hometap brings new HEI securitization; Aclara Lending enters the non-QM lender space.

Brokers took ground in nonconforming loan originations from retail and correspondent lenders during the first half of 2024. (Includes two data tables.)

As in previous years, several large lenders have announced increases to conforming loan limits ahead of the FHFA’s official release. However, this time there’s a risk that some lenders overshot where conforming loan limits will be set in 2025.

Carlyle agreed to purchase up to $300 million of equity-sharing home loans originated through a new program from Unison.

Improvements in non-QM underwriting standards are helping to stabilize loan performance.

Achilles Mortgage to focus on fix-and-flip lending; EverBank to buy Sterling Bank; CV3 launches loan servicing division; Chain Bridge files for initial public offering.

Morningstar DBRS created rating criteria for securitizations of home equity investments in mid-2023. Since then, issuance has blossomed, and the sky’s the limit, according to industry participants.

In addition to releasing new guidance, the Treasury also pushed back the deadline for submission of new CDFI Fund applications to allow lenders more time to review new guidance requirements.

The Austin, TX-based company has launched a new buy-before-you-sell product aimed at helping homebuyers better compete in today’s tight housing market.