The loans backing the security were originated by A&D or its third-party correspondents.

The new $413.41 million MBS includes loans underwritten to bank statements and debt service coverage ratios.

Note: Truist Bank upped its Ginnie pass-through investment by $9.84 billion to $22.56 billion.

Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.

Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.

To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.

Demand declined for both purchase mortgages and refinances last week.

Specified pools offer MBS investors a concentration in certain characteristics in contrast to homogenous MBS in the TBA market.

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.