Better Home & Finance Holding Company shares rise 5.80% intraday after PennyMac Correspondent Group expands non-QM product suite.

Better Home & Finance Holding Company rose 5.80% in intraday trading, with PennyMac Correspondent Group launching a new suite of non-qualified mortgage (non-QM) products on September 22. These products will expand access to flexible financing for borrowers who do not meet traditional agency criteria. The new product types include Debt Service Coverage Ratio (DSCR) for real estate investors and A+, A, A- for creditworthy borrowers with non-traditional income profiles.