Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.

Sticky inflation and an expectation for future rate cuts caused the REIT to decrease its non-agency loan holdings in the second quarter.

Redwood Trust’s profits declined from the first to the second quarter, while loan locks and funding reached new highs.

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

Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)

Morningstar DBRS upgraded the outlook for its mortgage originator ranking of non-QM lender Acra Lending after a review that found the company has remained profitable for the last three years.

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

The platform is designed to help foreign investors purchase homes remotely. The new offering comes at a time when foreign investment in the U.S. housing market is shrinking.

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.

The product allows for debt service coverage ratio below 0.75, while many DSCR lenders require a ratio of at least 1.0.