CrossCountry Mortgage has agreed to exclusively use FICO 10-T scores for loans securitized through its CROSS shelf.

New expanded-credit mortgage-backed securities from Angel Oak Mortgage, A&D Mortgage, CrossCountry Mortgage and Invictus Capital Partners started marketing in the last two weeks.

Delinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.

PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio.

Alternative-documentation and investor-property mortgage products are gaining interest, according to loan trading platform Maxex.

Regional banks with strong local branch networks can price their loans at higher interest rates compared to national lenders that securitize their originations, according to a new research paper.

LendSure launches P&L program; AAPL appoints new president; Annaly Capital Management starts marketing expanded-credit MBS.

A reduction in operating expenses and acquisitions of newly originated non-qualified mortgages helped Angel Oak’s mortgage REIT post an $8.3 million profit in the third quarter.

Ellington Financial’s profits increased in the third quarter thanks to moves involving non-agency mortgages. Meanwhile, AG Mortgage Investment Trust took a loss in the quarter.

MFA Financial’s CEO said the third quarter of 2023 was its toughest since the Federal Reserve began its rate-hiking cycle 20 months ago.