Expanded-credit MBS issuance rose by 25.4% from the first quarter to the second quarter, with mortgages for self-employed borrowers, interest-only loans and refinances driving the increase. (Includes three data tables.)

The shift comes amid a slowdown in home price appreciation. Officials at the REIT said aggregation volume remains steady.

As whispers of mortgage fraud are hitting Baltimore and surrounding markets, some lenders are acting with caution.

PennyMac continues to push ahead with non-agency MBS issuance despite volatility during the second quarter.

In a rare move for a bank, the majority of Royal Business Bank’s mortgages are non-QMs. The bank is headquartered in Los Angeles and operates across six states.

New York Mortgage Trust acquired the business-purpose loan originator last week, after already owning a stake in the company.

International buyers purchasing properties in the U.S. increasingly are turning to options other than non-agency mortgages, according to the National Association of Realtors.

Douglas Elliman Real Estate launches in-house mortgage platform; Rithm Capital partners with institutional investor to fund RTLs; Roc360 raises funds for BPL acquisitions; Fidelis Investors issues second RTL securitization.

Investors are showing strong demand for ABS that receive private ratings. The deals tend to carry bespoke terms driven by investors.

Urban Institute reviewed varying estimates of the national housing shortage and suggested policy solutions to address the shortfall.