After a first-quarter rally, expanded-credit MBS issuance came back down to reality in the second quarter of 2023.

Redwood Trust believes banks will need to turn to new liquidity partners as regulatory pressure mounts.

Noncore product GSE volume remained low in the second quarter, save for an increase in conforming jumbos.

While home prices are providing a lift for jumbo originations, many banks have a risk aversion to the products in the current rate environment.

CrossCountry Mortgage teamed with Hildene Capital Management on originations of expanded-credit mortgages and MBS issuance.

Sterling Bank and Trust leadership said they were optimistic that they will be able to move forward after paying $27.2 million in restitution to shareholders tied to fraud on a shuttered non-QM program.

Entrepreneur Christian Faes has launched F2 Financing, a fix-and-flip lender looking to compete in the evolving sector.

Carrington introduces 40-year loan program; Moody’s upgrades NewRez’s expanded-credit business; DBRS Morningstar updates home equity asset class ratings methodology.

Investment management company Principal Asset Management suggests short duration, high-quality consumer ABS could be in high-demand if a recession hits later this year.

Amid a housing supply crunch, investors are finding it more profitable to focus on rental properties instead of fix-and-flip homes.