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.
Logan Finance hires new chief of staff; Hometap tops $1 billion in HEI funded products; Primis Bank adopts FICO Score 10 T; LendSure announces new bridge loan product; A&D Mortgage offers leap year promotion.
The share of noncore GSE products, including conforming jumbos, cash-out refinances, mortgages for investment properties and second homes, dropped in 2023. (Includes data table.)
Despite growing delinquencies, Morningstar DBRS has provided a stable outlook for the securitization markets involving non-QM loans and HEI agreements.
A handful of major originators, including Change Lending and Arc Home, didn’t have any expanded-credit mortgages securitized in the fourth quarter of 2023. (Includes three data tables.)
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