Originations of ARMs declined 20% in the fourth quarter. Still, ARM share of total originations ticked up in 2023. (Includes data table.)

Velocity Financial said it benefited from less competition in its business-purpose lending niche.

Steadworth’s shared-equity agreement offering includes downpayment assistance for homebuyers.

Bridge loan originations picked up in the second half of 2023 even as interest rates increased.

Redwood reported $21 million in net income in the fourth quarter, bouncing back after posting a $31 million loss in the third quarter.

Premier Lending will use the new FICO 10 T scoring model for its nonconforming originations.

Finance of America to issue MBS backed by jumbo reverse mortgages; Aslan teams with Calque; 5th Street Capital licensed in Wyoming.

The lender’s new wholesale lending program will be led by Thomas Yoon, who has more than 18 years of non-QM industry experience.

Falling interest rates are fueling optimism over growth in the fix-and-flip lending space this year, but competition from new homebuilders may dampen market expectations.

A&D Mortgage highlighted the advantages of bank statement loan products during a recent webinar.