Production of adjustable-rate mortgages increased by 25% from the first to the second quarter. However, the overall share of ARMs declined. (Includes data chart.)

The new in-house home equity investment origination platform will operate through Redwood’s correspondent channel and a direct-to-consumer originations platform.

After finding success in the agency space, lenders are testing buydowns in the non-QM market.

Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)

Altisource Asset Management reaffirmed its commitment to the non-QM space after the resignation of its CEO Jason Kopcak.

Six expanded-credit MBS started marketing within the past two weeks. There’s also a rare prime non-agency deal in the market.

Acra Lending updates guidelines; DBRS ready to rate securitizations of residential transition loans; Moody’s reaffirms ratings for Redwood Trust; MISMO updates implementation guide for home equity eNotes.

The increase in activity can be attributed to higher interest rates and liquidity concerns.

The new insurance asset management unit is being led by former MetLife executive Nancy Mueller-Handal.

Spring EQ founder and CEO Jerry Schiano will continue to lead the firm alongside the company’s current management team.