The product allows for debt service coverage ratio below 0.75, while many DSCR lenders require a ratio of at least 1.0.

The funding will go toward Faes & Co.’s F2 Finance, a fix-and-flip lender based in the U.S.

Early trends have been mixed, but more private credit funding and a potential rate cut should help boost short-term rental lending this year.

Experts speaking at an event hosted by the Urban Institute said that CDFIs are developing novel ways to help more underserved borrowers achieve homeownership.

The business-purpose lender launched a broker channel and expects to expand its wholesale operations in the years to come.

It remains a challenge to finance accessory dwelling units through traditional mortgage products. A new financing option from an ADU builder looks to overcome that challenge.

Quarter says the funds will be used to finance 300 additional homes.

EquiFi hires new leadership for mortgage division; Encompass Lending to use FICO Score 10T; LoanStream announces July pricing special; Change Lending appoints new CFO.

Innovation and concerns are arising in the home equity lending space as home values increase.

Proposed regulatory changes on bank deposits have led to an increase in partnerships between Redwood Trust and depositories.