Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.

Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.

Slate of new MBS announced; A&D offers high-FICO discount on non-QMs, UWM updates jumbo program; Stellar approved for due diligence by DBRS Morningstar.

CrossCountry Mortgage teamed with Hildene Capital Management on originations of expanded-credit mortgages and MBS issuance.

Mortgage loans provide good portfolio diversification and match up well with insurers’ long-term liabilities.

New non-QM MBS; Figure gains new private label partners; CFPB weighs in on TILA case; Guaranteed Rate takes full ownership of relocation mortgage specialist; AG Mortgage Investment Trust bids on Western Asset Mortgage Capital; A&D improves second-loan pricing.

The non-agency secondary market has been slow recently. But three new securities show there’s still some action.

Surge of non-agency MBS hits market; Redwood partners with Oaktree on business-purpose loans; A&D Mortgage launches second-mortgage product; former First Republic CEO appointed to lead Turkey’s central bank.

Republic First Bank exits mortgage business; LoanNex’s non-QM marketplace comes to LendingPad; Former Athas Capital CEO to launch non-QM shop; new non-agency MBS; Maxex debuts program for alternative-doc loans.

Issuance of prime non-agency mortgage-backed securities bounced back after a dismal fourth quarter, but activity was well below the highs of the first quarter of 2022. (Includes three data charts.)