Jumbo MBS issuance is off to a strong start in the third quarter, with five deals marketing within the past two weeks.

A new reperforming loan securitization from MFA Financial includes loans originated through Change Lending’s low-documentation program.

More high net-worth consumers are shunning jumbo mortgages and purchasing luxury homes in all-cash deals.

Early trends have been mixed, but more private credit funding and a potential rate cut should help boost short-term rental lending this year.

Experts speaking at an event hosted by the Urban Institute said that CDFIs are developing novel ways to help more underserved borrowers achieve homeownership.

Deephaven expands DSCR program guidelines; Ares Management markets first non-QM MBS in over a year; A&D Mortgage introduces a partner loyalty program; Angel Oak Mortgage REIT plans $50 million debt offering.

The $2.5 billion cap for Freddie’s pilot program to buy closed-end seconds should limit impact on the non-agency secondary market. But industry players worry about the long-term risks if the pilot is successful.

Servicers must adjust their thinking on delinquencies, reserves and collections when the borrower is an investor rather than an occupant.

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.