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.

Freddie Mac’s proposal to acquire closed-end second liens is unnecessary because there are adequate options available in the non-agency market, according to a number of trade groups.

The deal includes a mix of second liens underwritten to bank statements and full documentation.

EasyKnock, a New York-based home equity solutions platform, this month acquired HomePace, a Park City, UT-based provider of home equity investments.

Morningstar has positive outlook for Acra; PRMG adopts FICO Score 10 T for non-QM underwriting; SG Capital Partners updates guidelines.

Non-agency MBS issuance more than doubled on a sequential basis in the first quarter of 2024, with jumbo mortgages making up the majority of loans in the deals. (Includes three data tables.)

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls.

The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks.

New York Mortgage Trust acquired $302.0 million of business-purpose loans in the first quarter, a 30% increase from the prior period.

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio.