Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.

Oaktree's investments are expected to further diversify Temple View Capital's institutional capital base.

“More rating agencies means more perspectives, and more perspectives means sharper insight for investors," John Beacham, CEO of Toorak Capital Partners, said. “That’s good for issuers, good for investors, and good for the long-term health of the market.”

“The highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers,” said Lawrence Yun, chief economist at NAR.

Aaron Kofsky, the acting deputy director of FHFA’s division of housing mission and goals, represented FHFA at a meeting of the Financial Stability Oversight Council Wednesday.

Applications for refinances with FHA and VA increased by nearly double digits on a weekly basis last week.

Brokers are increasing their production of non-qualified mortgages to keep up with rising demand, particularly from self-employed borrowers and real estate investors.

Redwood is partnering with just one or two sellers on eNotes at the moment rather than with all of its 240 loan seller partners.

Redwood's book value declined by between 1% and 3% at the end of June compared with the end of March.

The sharpest increase in the use of securitization was in the expanded-credit mortgage market.