Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

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.

William Erbey was named new CEO of AAM late last year and is guiding the company away from non-agency conduit activities to focus on EV technologies.

Higher interest rates and tighter lending standards led to a decline in income at the business-purpose lender.

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.

Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.

Redwood Trust touted a new partnership with the Canada Pension Plan Investment Board as one of the first steps to increasing its activity in joint ventures.

A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.

Nonbank lenders are offering new HELOC options for homeowners who are self-employed or are looking to tap equity in their investor and second-home properties.

RCN Capital’s new tri-merge soft credit pull allows investors to qualify for a loan without negatively impacting their credit score.