Expanded-credit securitization is heating up and prime non-agency MBS issuers are also active.

Looser underwriting standards for loans in expanded-credit MBS issued in 2023 are leading to higher delinquency rates.

The A&D mortgage shelf plans to issue six expanded-credit MBS this year.

Despite growing delinquencies, Morningstar DBRS has provided a stable outlook for the securitization markets involving non-QM loans and HEI agreements.

Anchor debuts TPO channel; Kiavi issues unrated residential transition loans securitization; Acra Lending launches new broker portal.

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.