MFA Posts Loss in 2Q Due to Portfolio Markdown August 11, 2023 James Dohnert MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.Read More
AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC August 11, 2023 James Dohnert On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages.Read More
Velocity Sees Loan Portfolio Growth as Banks Pull Back August 11, 2023 James Dohnert Velocity Financial increased loan production in the second quarter as demand for business-purpose loans spiked.Read More
Angel Oak REIT to Ramp Up Securitizations After 2Q Losses August 11, 2023 James Dohnert Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.Read More
NPLA Launches Private Lending Glossary August 11, 2023 James Dohnert The glossary is aimed at standardizing the terms and definitions used in the private lending ecosystem.Read More
M&A Activity Up in the Non-Agency Market August 11, 2023 James Dohnert Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.Read More
News Briefs August 11, 2023 James Dohnert Slate of new MBS announced; A&D offers high-FICO discount on non-QMs, UWM updates jumbo program; Stellar approved for due diligence by DBRS Morningstar.Read More
Redwood to Increase Jumbo Activity Through Bank Partnerships July 28, 2023 James Dohnert Redwood Trust believes banks will need to turn to new liquidity partners as regulatory pressure mounts.Read More
Banks Pull Back From Jumbo Lending Despite Rising Home Prices July 28, 2023 James Dohnert While home prices are providing a lift for jumbo originations, many banks have a risk aversion to the products in the current rate environment.Read More
CrossCountry Plans to Issue its First Non-Agency MBS July 28, 2023 James Dohnert CrossCountry Mortgage teamed with Hildene Capital Management on originations of expanded-credit mortgages and MBS issuance.Read More