Rocket Pro is extending a key pricing incentive for mortgage brokers through May while also expanding its non-QM product offerings, moves aimed at helping brokers close more loans in a challenging housing market. The moves are part of the February 2026 promise the Detroit-based company made to its business partners: a “Power Play” announcement on […]
Rocket Pro extends 100 bps broker credit into May Read More »
A large pool of mortgages on investment residential properties will secure $296.2 million in residential mortgage-backed securities (RMBS) through the transaction named DRMT 2026-INV2. Processing Content RCF III TRS is the deal’s sponsor and Deephaven, which focuses on originating and acquiring non-traditional home loans. Selene Finance will service the entire pool, which also received third-party
Mortgage pool attached to Deephaven secures $296.2 million in RMBS Read More »
The Goldman Sachs Mortgage Company is sponsoring a $359.4 million residential mortgage-backed securitization (RMBS), capitalizing a pool of non-qualified mortgages extended primarily to investors. Processing Content GS Mortgage-Backed Securities Trust, 2026-R1 will issue the notes through seven tranches of classes A, M and B notes, which all have a final scheduled maturity date of April
A Goldman-sponsored RMBS pool will raise $359.4 million Read More »
Logan Finance Corp. announced Monday that it has launched a new premium tier within its Open Road product series aimed at borrowers seeking higher loan amounts than those typically offered through conventional or standard non-QM programs. The new offering, called Open Road Elevated, provides loan amounts of up to $5 million across four programs designed
Logan Finance rolls out new product tier for high-balance non-QMs Read More »
Redwood Trust closed a $391 million securitization backed by nonqualified mortgages (non-QMs), marking the inaugural deal from its Aspire platform that was expanded in early 2025, the company announced Friday. The transaction (SPIRE 2026-1) establishes Redwood’s third securitization shelf, alongside Sequoia for nonagency mortgages and CoreVest for business-purpose lending. Aspire’s first securitization includes 752 loans
Redwood launches Aspire securitization shelf with $391M non-QM deal Read More »
When mortgage rates stayed higher for longer over the past few years, originators increasingly turned their attention to nonqualified mortgages (non-QMs). But that resurgence may not lose momentum even if rates decline in 2026. “We traditionally have seen nonagency volumes represent about 10% of the mortgage business. If you figure it’s $2 trillion a year
Angel Oak’s Tom Hutchens on new growth path for non-QMs as rates ease Read More »
AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from
AD Mortgage launches its largest non-QM securitization yet Read More »
While many of the latest conversations around the U.S. real estate market have focused on affordability and interest rates, one segment continues to move forward: foreign investors. While domestic buyers remain more cautious, investors from abroad are driving much of the transaction volume in many U.S. markets. One reason is that foreign buyers view risk,
Foreign investors keep U.S. real estate moving Read More »
Cardinal Financial‘s third-party origination division announced Wednesday the launch of its nondelegated correspondent program that targets independent mortgage lenders. The program allows approved nondelegated correspondents to originate loans in their own name while using Cardinal Financial’s loan technology platform, Octane, which provides underwriting, pricing and other operational functions. “In a competitive market, lenders need to
Cardinal Financial launches nondelegated correspondent program Read More »
AmeriTrust Mortgage Corp. has appointed Shea Pallante as chief revenue officer as the lender pursues a growth strategy that includes expanding into nondelegated correspondent channels and more than doubling its monthly origination volume. A mortgage industry veteran, Pallante joins AmeriTrust from non-QM wholesale lender Brokers First Funding. He previously served as president of now-defunct non-QM
AmeriTrust hires Shea Pallante as it preps for correspondent lending launch Read More »