“When you think about the [asset-based finance] world ... these are two of the hottest products that [investors want to get access to],” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

An affiliate of Invictus Capital Partners is set to issue a $707.4 million expanded-credit mortgage-backed security.

Holdings of both mortgage-backed securities and mortgages increased during the third quarter.

“People are ready to refinance, people are ready to buy,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage.

Much of the shift in income was due to unrealized gains on portfolios of loans and pieces for non-agency mortgage-backed securities due to spread tightening.

The concept of reducing Fannie Mae/Freddie Mac LLPAs on second homes and cash-out refis is being pushed by Barry Habib, a principal in MBS Highway, who was named to Fannie’s board this summer.

Pennymac is marketing a $426.5 million non-agency mortgage-backed security stocked with investment-property mortgages eligible for sale to the government-sponsored enterprises.

Pennymac was the top issuer of prime non-agency MBS in the third quarter.

Carrington has acquired Reliance First Capital from Tiptree in a move to bolster its retail lending channel.

Robinhood is teaming with Sage Home Loans to offer a new mortgage product to its Robinhood Gold subscribers.