Former LendingPoint, Mr. Cooper exec Shawn Stone succeeds Acra CEO Lind, who transitions to board chairman role
Tagged: Non-QM
Company sees sharp EPS miss but points to improved delinquency rates, high-yield Non-QM loan purchases
REIT increases ownership by 21.4% in Non-QM and TPO-focused lender, positions for 2026 earnings lift
Says one of his goals will be to help introduce the company to the mortgage broker community
Parent company Rithm Capital’s CEO touts third-party servicing growth, tech efficiencies, doubling of Non-QM production forecast
Company also accepts DSCR loans in more than 35 states, now including Massachusetts
Fannie Mae warns of multi-state, broker-led mortgage fraud linked with investment properties, a settlement company, multiple LLCs
Transaction is Rithm’s third of its kind so far this year
Philadelphia-based advisor known for consultative, asset-backed financing
Victory follows broader legal and regulatory turmoil