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Redwood Trust’s 2Q non-QM volume gains mask other declines

Redwood Trust’s mortgage origination businesses reported lower aggregate volume versus the first quarter, although one unit showed remarkable strength. Processing Content The Aspire non-qualified mortgage segment had $2.1 billion of lock volume, up 32% from the first quarter, noted Christopher Abate, CEO. “Our mortgage banking businesses continued their momentum in the second quarter, with aggregate […]

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With updated FICO model, Figure Lending floats $321.1 million on HELOCs

Figure Lending is preparing to float $321.1 million in residential mortgage-backed notes, secured by first- and junior-lien revolving home equity lines of credit (HELOCs), in its first deal of the year. Processing Content FIGRE Trust 2026-EXP1 will sell the debt through seven levels of class A through G notes, slated to close around July 9,

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Congress Must Boost Manufactured Housing for Affordability

America’s housing affordability crisis has reached a breaking point. Home prices remain out of reach for millions of families, apartment rents continue to climb and the dream of homeownership is slipping further away for first-time buyers, working families, seniors and young Americans. Manufactured housing should be one of the nation’s most effective answers to this

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