Investor demand for non-QMs is outpacing originator production, according to industry experts who spoke last week at the California MBA western secondary market conference.

Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, forecast a growth in new construction loans in the coming year.

loanDepot introduces first-lien HELOC; MFA promotes co-chief investment officer; Calque expands buy-before-you-sell product suite.

AOMR recently issued $50 million of senior unsecured notes to help replenish its stock of non-QM loans for securitization.

The real estate mortgage trust is ramping up its acquisitions of residential transition loans in hopes of building a steady pipeline of rated RTL MBS deals in the coming quarters.

The real estate investment trust increased its profits in the second quarter with help from new non-agency securitizations.

The sale of agency-eligible loans into non-agency MBS helped AG Mortgage stay in the black heading into the third quarter.

While profits at the business-purpose lender declined in the second quarter, executives at the nonbank are optimistic about growth.

Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.

Originations from Rocket Mortgage and Rate helped increase issuance of prime non-agency MBS in the second quarter. (Includes three data tables.)