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Inside Nonconforming Markets

October 20, 2023

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Second-Rung Players Help Boost Expanded-Credit Issuance

Expanded-credit mortgage securitizations picked up in the third quarter of this year as second-rung players increased their participation in the market. (Includes three data tables.) Read More

Morgan Stanley Markets its First Expanded-Credit MBS

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency. Read More

FCI Leverages Private Blockchain for Servicing

Officials at FCI Lender Servicing believe financial institutions will be required to use blockchain within five to 10 years given the transparency it offers. Read More

Redwood Teams Up With Point on HEI Securitization

Redwood Trust and Point partnered to co-issue the second-ever rated home equity investment securitization. Read More

Flyhomes to Expand Footprint to the Wholesale Channel

The company’s buy-before-you-sell product will initially be offered through the wholesale channel. Read More

Some Upside for MFA on Non-QMs if Rates Stabilize

MFA Financial and other non-QM players could benefit if interest rates stabilize heading into 2024. Read More

Sculptor Founders Sue to Stop Merger With Rithm

Founders of the hedge fund allege that company executives are breaching their fiduciary duty by blocking shareholders from hearing details of a rival bid to Rithm Capital’s offer. Read More

News Briefs

NP launches new jumbo program; Kiavi closes $275 million RTL securitization; Xome launches investment property market educational game; SunWest debuts DSCR loan product. Read More

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