The first rated HEI securitization, brought to the market by Saluda Grade and Unlock Technologies, received a BBB rating from DBRS.

Activity in the sector is expected to pick in the coming months as DBRS is close to establishing criteria to rate securitizations of residential transition loans.

Two expanded-credit MBS started marketing this week, along with a HELOC securitization.

Saluda Grade has ramped up its efforts in the home equity agreements space with new securitizations and lines of credit.

New non-QM and jumbo securitizations hit the market; The Mortgage Calculator launches DSCR product.

Six expanded-credit MBS started marketing within the past two weeks. There’s also a rare prime non-agency deal in the market.

Chase teamed with Blackstone for a $308.1 million non-agency MBS backed by mortgages for investor properties.

Altisource Asset Management is considering changes to its non-agency origination business as losses pile up. Alternatives under consideration include a sharp pivot to electric vehicle charging.

A slew of non-agency MBS hit the market; Roc360 forms a real estate investment trust; Deephaven Mortgage launches second mortgage product.

MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.