Carrington introduces 40-year loan program; Moody’s upgrades NewRez’s expanded-credit business; DBRS Morningstar updates home equity asset class ratings methodology.

Investors are getting pickier on what they’re willing to pay for non-QM paper, at least compared to earlier in the year. Meanwhile, Acra Lending is once again toying with the idea of issuing its own MBS.

The new acquisitions show that the real estate investment trust is making good on its commitment to expand beyond mortgage investments.

Ohio-based Go Mortgage has accused its former director of capital markets of changing passwords to key company accounts and bad-mouthing the company to major counterparties, including the GSEs.

According to some critics, the Federal Reserve’s mark-to-market losses on its securities holdings is approaching $1.0 trillion. One option would be to sell off agency MBS, even at a loss.

The trustee of a commercial MBS has alleged that a master servicer and subservicer failed to monitor rental payments in a lockbox account.

Adams Outdoor Advertising has issued similar securitizations, most recently in 2021 and 2018.

Investment management company Principal Asset Management suggests short duration, high-quality consumer ABS could be in high-demand if a recession hits later this year.

A proposal floated by federal regulators seeks to base capital requirements for mortgages held in portfolio at big banks on loan-to-value ratios. Banks expressed grave concerns about the proposal.

For years, banks have been dominant players in the non-agency jumbo space. One strategy: Originate a loan, place it in portfolio and earn a spread. But thanks to rising rates and increased regulatory scrutiny, the economics aren’t as attractive.