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.

CMS launches ITIN product; Liberty Home Mortgage to start using FICO Score 10 T for nonconforming loans.

Both the prime jumbo non-agency MBS market and the expanded-credit sector posted sequential increases in issuance in the first quarter. (Includes data tables.)

Verus Mortgage Capital has grown its non-agency MBS issuance as more investors show interest in the expanded-credit mortgage market.

Rithm Capital closed a $500.0 million MBS backed by rated residential transition loans through its Genesis Capital shelf. The deal is the second RTL securitization to receive a rating from Morningstar DBRS.

Higher interest rates and tighter lending standards led to a decline in income at the business-purpose lender.

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.