Newfi said it chose Dunmor as a partner because of its technological expertise in the RTL space.

Among the top 10 ARM lenders in the January-March corridor, just one was a nonbank: Rocket Mortgage.

Originations of adjustable-rate mortgages continued to decline in the first quarter of 2024.

Newfi will provide a financing facility to Dunmor to help expand its footprint in the residential transition loan space.

The $141 million deal was oversubscribed with interest from both new and repeat investors.

Banks and thrifts held $2.52 trillion of first liens in portfolio as of the end of the first quarter, unchanged from year-end.

The impairment rate for securitized non-QM loans fell in April, relieving some pressure on servicers.

Goldman Sachs jumped into the HELOC securitization market, sourcing HELOCs from various lenders.

Home price appreciation and increased borrower pay-downs led to upgrades for a handful of MBS backed by home equity loans.

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.