Kiavi, a residential transition loan lender, closed one unrated securitization last week and is marketing another rated issuance.

Voxtur and Deephaven team on mortgage pipeline technology; CMG Mortgage to use FICO Score 10 T; Riskspan analyzes RTLs; ex-CEO of Genesis Capital launches new lending company.

John Beacham, CEO of Toorak Capital Partners, said ratings on fix-and-flip securitizations are attracting more investor interest and prompting better pricing for issuers.

The business-purpose lender launched a broker channel and expects to expand its wholesale operations in the years to come.

A new rating methodology boosts investor interest in fix-and-flip securitizations.

Newfi will provide a financing facility to Dunmor to help expand its footprint in the residential transition loan space.

Ellington Financial plans to increase non-agency issuance. The real estate investment trust last month issued its first non-QM MBS in over a year.

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.

Rithm Capital closed a $500.0 million MBS backed by rated residential transition loans through its Genesis Capital shelf. The deal is the second RTL securitization to receive a rating from Morningstar DBRS.

A challenging market for fix-and-flip homes has led more investors to seek financing on their projects.