A new regulation in California will affect originations of business purpose loans. Other concerns include potential regulation of automated underwriting and rising costs for property insurance.

The mortgage marketplace and conduit is offering prime and non-QM jumbo products.

Loan balances on loans for investment properties increased in 2024.

Three issuers have started marketing non-agency MBS thus far in January, including two expanded-credit MBS.

New York Mortgage Trust to issue a $75.0 million debt offering; Morningstar DBRS deems Radian unit “acceptable” for third-party due diligence; Arc adds new executives. Page 8.NYMT to issue a $75.0 million debt offering; Morningstar finds Radian "acceptable" for third-party due diligence; Arc adds new executives from Flagstar and Newrez.

The new model used for rating securitizations of closed-end second liens will be more lenient than the previous model, thanks to improvements to underwriting standards following the financial crisis.

The new regulation will allow the costs of reinsurance to be passed down to homeowners and potentially increase coverage in high-risk areas.

Redwood is adding DSCR, bank statement and P&L loans to its Aspire correspondent platform.

Lenders are planning to take a more hands-on approach in 2025 due to the purchase-heavy environment expected this year.

The rating service made the update following a review that found that CES loans originated pre-crisis had notably worse characteristics compared with originations in recent years.