PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio.

Originations of adjustable-rate mortgages stayed flat in the third quarter while total first-lien production declined somewhat. (Includes data table.)

CoreLogic expects home equity lending to increase next year following a lull in HELOC originations this year.

Alternative-documentation and investor-property mortgage products are gaining interest, according to loan trading platform Maxex.

Upright adds DSCR loans; A&D Mortgage approved for lending in Iowa; Faes & Co launches fund for bridge loans; Newfi joins ARIVE lender marketplace.

Figure is expected to issue its third HELOC MBS of 2023 and will provide loans to an upcoming Saluda Grade issuance.

The revised CDFI certification process will improve lender accountability and streamline the application process.

Fannie Mae, JPMorgan Chase and PennyMac are among the financial institutions that use AWS to perform tasks within a digital cloud computing environment.

The securitization is sized at $124.5 million and received a preliminary A- rating.

Previous deals involving Figure have performed well, according to DBRS.