RCN Capital’s new tri-merge soft credit pull allows investors to qualify for a loan without negatively impacting their credit score.

A total of 11 new MBS hit the market in the past two weeks. Chase accounted for four of the deals, with two jumbo offerings, an investment property loan securitization in partnership with Visio-Beach Point Mortgage Trust and a securitization of closed-end second liens.

A challenging market for fix-and-flip homes has led more investors to seek financing on their projects.

Calque adds new partner for Buy Before You Sell program; Angel Oak Mortgage REIT loses board member; A&D Mortgage licensed in Vermont.

Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.

The deal received a preliminary A rating from Morningstar.

The company believes its ability to source loans through its affiliate lender, Angel Oak Mortgage Solutions, can provide insurance companies with more bespoke investment options than its competitors.

ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.

Increased jumbo production from UWM helped boost broker originations, while Wells Fargo’s exit from correspondent lending hurt that channel’s market share as other lenders didn’t pick up the slack. (Includes data table.)

Ellington Financial, MFA Financial and AG Mortgage Investment Trust boosted net income in the fourth quarter and expect to see strong performance this year.