Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.

The REIT associated with Angel Oak Companies reported a small loss in the second quarter after posting a profit in the first quarter.

“Our biggest concern is that the market sell-off becomes a self-fulfilling prophecy causing corporate CEOs to cut back on investments and consumers to pull back on spending leading to further cuts and a recession,” analysts at Morningstar DBRS said.

Acra is owned by HPS Investment Partners, New York. The lender started out life as Citadel Servicing...

“We consider ourselves the most optimistic company in America,” said Varun Krishna, CEO of Rocket Companies.

The jumbo originator and seller saw its profits decline some from the first to the second quarter.

Nierenberg was asked during the call if Rithm is still considering spinning off Newrez. “Yes,” he said. “I don’t know if it’s just a direct listing or something. We’re looking at anything and everything as a way to increase value for shareholders.”

Issuers that weren’t active in the first quarter accounted for 43.5% of the home equity securitization volume seen in the second.

Prices were flat nationally in May, though they declined in four of nine regions across the country.

Goldman has an ABS with home improvement loans and Kiavi Funding is offering a rated RTL securitization.