MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.

On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages.

The company, however, remained the top servicer for loans in non-agency mortgage-backed securities issued in the second quarter of 2023. (Includes data chart.)

Velocity Financial increased loan production in the second quarter as demand for business-purpose loans spiked.

Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.

The glossary is aimed at standardizing the terms and definitions used in the private lending ecosystem.

Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.

Slate of new MBS announced; A&D offers high-FICO discount on non-QMs, UWM updates jumbo program; Stellar approved for due diligence by DBRS Morningstar.

CMBS delinquencies are on the rise but some industry participants believe fears of mass foreclosures in the sector are overblown.

Banks are in cost-cutting mode as high interest rates and looming changes to capital requirements have led to uncertainty in the mortgage market.