A&D Mortgage and Imperial Fund Asset Management have received a $250 million commitment from Canyon Partners. The partnership will fund $5 billion of non-agency securitizations.
Figure Technology Solutions recently launched Democratized Prime, a marketplace to fund home equity lines of credit with capital from institutions and individuals.
Fitch Ratings proposed changes to its rating criteria for non-agency MBS. If implemented, 10% of outstanding residential MBS ratings by Fitch will be upgraded.
“We’ve been very proactive in seeing the housing market decelerate and trying to be on our front foot,” said Mike Fania, co-chief investment officer and head of residential credit at Annaly.