Originators Turn to Non-QMs Ahead of Economic Uncertainty March 21, 2025 James Dohnert Loan originators are looking to bank statement and DSCR loans to boost production in a higher-for-longer interest rate environment, according to Tom Hutchens, president of Angel Oak Mortgage Solutions.Read More
Shellpoint Remains Top Servicer of Non-Agency MBS in 4Q March 21, 2025 James Dohnert Shellpoint handled servicing on 26.6% of the dollar volume of non-agency MBS issued during the fourth quarter.Read More
Tomo Mortgage Secures Funding From Progressive Insurance March 21, 2025 James Dohnert Tomo said it can save the typical homebuyer $4,000 at closing through the use of its AI underwriting software.Read More
Rising Competition in Some Regions Challenge Fix-and-Flippers March 21, 2025 James Dohnert Fix-and-flip operators saw increased competition in some areas in the fourth quarter, but are optimistic for growth in 2025.Read More
Groundfloor Appeals Complex Title Insurance Case March 21, 2025 James Dohnert The lawsuit involves paperwork errors for the titles of 10 Georgia properties where Groundfloor provided business purpose loans.Read More
News Briefs March 21, 2025 James Dohnert Santander Bank joins non-QM MBS issuer ranks; Annaly starts securitizing HELOCs; AFR improves pricing on non-owner-occupied loans; A&D Mortgage launches AUS platform for non-QM loans.Read More
Maryland Licensing Bill Passes Key Hurdle in Senate March 20, 2025 James Dohnert A bill that would exclude mortgage trustees from new Maryland licensing requirements passed a state senate committee vote.Read More
PVOne Issues it First Tax-Lien ABS Since 2023 March 20, 2025 James Dohnert A new securitization includes $51.8 million of real estate tax liens primarily for residential and commercial properties.Read More
California Provisionally Approves 22% Insurance Rate Hike March 20, 2025 James Dohnert At a public hearing next month, State Farm will have to justify its request to raise home insurance premiums by 22%.Read More
Ellington’s Income Up With Focus on Non-Agency Mortgages March 14, 2025 James Dohnert Ellington Financial signed a joint venture with an unnamed mortgage originator in the fourth quarter.Read More