Redwood envisions a strong year for its jumbo conduit businesses amid turmoil in the bank sector.

Annaly Capital Management plans to increase dedicated capital for its residential credit business with an emphasis on taking banks’ expanded-credit loans.

Angel Oak Mortgage operated at a breakeven level in the first quarter despite increased activity in new loan purchases and securitization.

Three new MBS hit the market; non-QM impairments declined in March; Impac Mortgage delisted from NYSE.

Expanded-credit MBS issuance increased by more than 75% in the first quarter of 2023. Invictus Capital Partners was the top issuer in the early months. (Includes three data charts.)

After a lull around the end of the first quarter, a number of expanded-credit MBS have hit the market, with more deals planned.

CPFB revises methodology for APOR; Fitch downgrades PacWest’s CRT; LendingOne taps ex-Sprout vice president for TPO business; DBRS adds new due diligence provider to “acceptable” list.

Rising interest rates are taking a toll on banks but they could also be creating more prospects in the near-term for bridge and fix-and-flip loans.

A new HELOC securitization from Figure Lending received preliminary AAA ratings, a first for the issuer.

First Republic’s servicer rating downgraded; Moon Mortgage offering jumbos with qualification based on cryptocurrency holdings; DBRS adds due diligence provider to “acceptable” list; Utah loosens age requirement for proprietary reverse mortgages.