Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.

A&D announces new pricing tiers for DSCR loans; REMN Wholesale announces June pricing special; Acra has record-breaking May; Champions hires new VP of underwriting.

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls.

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio.

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.

Carrington hires Winokur; Newfi expands EquityChoice product to new states; Loanstream offers special pricing for non-QMs.

Issuance of MBS backed by expanded-credit mortgages increased by nearly 50% from the fourth quarter to the first quarter of 2024. Annaly more than tripled its volume.

The real estate investment trust’s non-agency conduit had a record quarter for loan acquisitions in 2023.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

The fix-and-flip lender believes its new construction loan product will help increase housing inventory and create more affordable housing.