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.

Unison offers its first HEA securitization; NP rebrands; Finance of America launches new reverse-mortgage product; Sherman Bridge debuts investment-property lender marketplace; Arc Home appoints new president and future CEO; UWM expands DSCR eligibility requirements.

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.

Redwood Trust and Point partnered to co-issue the second-ever rated home equity investment securitization.

MFA Financial and other non-QM players could benefit if interest rates stabilize heading into 2024.

NP launches new jumbo program; Kiavi closes $275 million RTL securitization; Xome launches investment property market educational game; SunWest debuts DSCR loan product.