A cornucopia of non-agency MBS hit the market in early July.

Short-term mortgages track residential transition loans and fix-and-flip loans. Last year, originations were up 34.6% compared with 2023. (Includes data table.)

The Seattle-based mortgage fintech has issued a $150 million securitization backed by residential transition loans and launched an artificial intelligence-powered data suite.

Rithm is both a buyer and seller of non-agency mortgages. Wider spreads in recent months have helped generate strong returns from loan acquisitions. Meanwhile, RTL production through its Genesis unit slowed during the first quarter.

The fix-and-flip lender says a diversity of funding options will give it a “wide and nimble” credit box.

Investor loan origination volume bucked seasonal trends in December, prompting optimism for 2025.

Residential transition and debt service coverage ratio loan originations increased during December, bucking a seasonal trend.

RTL lender Groundfloor believes strong investor demand and a lack of available housing should help boost the market this year.

Loan balances on loans for investment properties increased in 2024.

GA-based lender and servicer Groundfloor hit the ABS market for the first time by issuing a securitization with deferred payments tied to residential transition loans.