Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.

A growing number of investors are asking loan sellers to complete pre-close eligibility for non-agency mortgages, according to the third-party review firm.

Angel Oak Mortgage Solutions launched new adjustable-rate mortgage products last week.

The $274.5 million issuance of residential transition loans was oversubscribed nearly five times.

The platform facilitates originations and sales of debt service coverage ratio mortgages.

The California-based lender is now offering DSCR mortgages in 40 states.

LoanLogics offering non-QM bank statement analysis; PHH revamps non-QM offerings; Visio increasing production.

After a few years of headwinds, performance of self-storage properties in commercial MBS looks likely to stabilize, according to KBRA.

A combination of underinsurance and shrinking claim payouts is pushing homeownership out of reach for millions of people, Alanna McCargo, former Ginnie Mae president, warned in an Urban Institute paper.

The criteria are looser than Fitch’s previous standards. The updates include higher penalty on mortgages with DSCR below 0.75x and an expanded modification outcome scenario to derive total loss severities to second-lien collateral.