Rithm Capital closed a $500.0 million MBS backed by rated residential transition loans through its Genesis Capital shelf. The deal is the second RTL securitization to receive a rating from Morningstar DBRS.

William Erbey was named new CEO of AAM late last year and is guiding the company away from non-agency conduit activities to focus on EV technologies.

Higher interest rates and tighter lending standards led to a decline in income at the business-purpose lender.

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.

Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.

Redwood Trust touted a new partnership with the Canada Pension Plan Investment Board as one of the first steps to increasing its activity in joint ventures.

A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.

Nonbank lenders are offering new HELOC options for homeowners who are self-employed or are looking to tap equity in their investor and second-home properties.

RCN Capital’s new tri-merge soft credit pull allows investors to qualify for a loan without negatively impacting their credit score.

A total of 11 new MBS hit the market in the past two weeks. Chase accounted for four of the deals, with two jumbo offerings, an investment property loan securitization in partnership with Visio-Beach Point Mortgage Trust and a securitization of closed-end second liens.