#non-qm-lending

#non-qm-lending

Mortgage credit availability decreased in April, breaking a three-month streak of easing standards, according to the Mortgage Credit Availability Index (MCAI) released Tuesday by the Mortgage Bankers Association (MBA). The MCAI is based on underwriting criteria and borrower eligibility factors including credit scores, loan types and loan-to-value (LTV) ratios from more than 95 lenders and investors. MBA combines this data, provided via ICE Mortgage Technology, using a proprietary formula to produce the index.

Ellington Financial delivered an exceptionally strong first quarter in terms of both GAAP net income and adjusted distributable earnings, even in the face of rising market volatility and widening credit spreads, he said. Penn added that adjusted distributable earnings widely exceeded the company's dividend, with ADE reaching 55 cents per share during the quarter.

Though stepping back from day-to-day leadership, Ketchum will remain involved as a part-time adviser, supporting the company's growth with a focus on non-QM lending. I am incredibly proud of what we have built together, Ketchum said in regard to Folk's promotion. Kind has always been special because of the people, and I am excited to continue supporting the non-QM business in this next chapter.