The first non-QM MBS issued by Ellington Financial in more than 14 months helped boost earnings in the second quarter.

Non-QM, home equity originations and business-purpose loans from Newrez and Genesis Capital helped Rithm in the second quarter.

Investor purchases of single-family rentals are on the rise, with many of the new rentals being owned by smaller independent investors.

Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.

Non-QM lenders are bullish about the sector’s potential despite headwinds in the housing market.

Invictus has launched a new business to provide insurance companies with access to residential loans.

Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.

Ares will contribute 90% of the joint venture capital while AmWest will provide the remainder. AmWest will also the provide the non-QM loans for securitization.

A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.

Insurance companies and European investors have shown a growing interest in MBS backed by expanded-credit mortgages. However, there is not enough supply to meet demand.