Mortgage lenders are rolling out new credit scoring models, but in the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system. Susan Hosterman, senior director for North America RMBS and covered bonds at Fitch Ratings, said the company can currently rate securitizations […]
Vice Capital Markets has publicly released its Vice Capital Par Note Rate, a proprietary daily mortgage rate benchmark built from agency mortgage-backed security (MBS) prices that’s designed to give lenders and analysts a secondary market view of mortgage pricing. The benchmark, available through an online tracker, provides daily data, long-term trend analysis and custom charting
Vice Capital Markets releases daily mortgage rate benchmark Read More »
Rocktop Technologies has launched Rocktop Digital, a new business focused on digitizing and tokenizing mortgage and private credit assets to modernize how the assets are financed, owned and traded, the company announced Wednesday. As part of the launch, Dallas-based Rocktop Technologies promoted Brett Benson, previously its co-president, to CEO of Rocktop Digital. The move formalizes
Rocktop Technologies forms Rocktop Digital, names Brett Benson CEO Read More »
Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict. “We’ve seen some activity from the GSEs. Instead of issuing cash window pools and putting
Even as GSEs step into MBS market, macro forces are controlling mortgage rates Read More »
Redwood Trust closed a $391 million securitization backed by nonqualified mortgages (non-QMs), marking the inaugural deal from its Aspire platform that was expanded in early 2025, the company announced Friday. The transaction (SPIRE 2026-1) establishes Redwood’s third securitization shelf, alongside Sequoia for nonagency mortgages and CoreVest for business-purpose lending. Aspire’s first securitization includes 752 loans
Redwood launches Aspire securitization shelf with $391M non-QM deal Read More »
AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from
AD Mortgage launches its largest non-QM securitization yet Read More »
Kiavi, a digital nonbank lender for residential real estate investors, announced Thursday that it closed a $350 million rated securitization of residential transition loans (RTLs). The transaction marks Kiavi’s sixth rated securitization and 24th deal under its LHOME shelf, bringing its total offered notes to more than $6.8 billion since inception, the company said. The
Kiavi closes $350M RTL securitization, nears $7B in total issuance Read More »
New York-based Tradeweb Markets Inc., operator of electronic trading platforms, has made a strategic investment in and finalized a commercial partnership with digital mortgage exchange MAXEX. Financial terms of the transaction were not disclosed. The collaboration is designed to broaden institutional access to the U.S. residential mortgage market, connecting Tradeweb’s global network of more than
Tradeweb makes investment in digital mortgage exchange MAXEX Read More »
Fannie Mae and Freddie Mac quietly increased their purchases of mortgage-backed securities (MBS) in 2025, helping push mortgage spreads lower toward the year’s end. Most analysts, however, were not expecting further meaningful tightening in the near term — at least until this week. That changed Thursday after President Donald Trump posted on social media that
Trump directs GSEs to purchase $200B in mortgage bonds in 2025 Read More »
For real estate investors sidelined by traditional income documentation requirements, debt-service-coverage ratio (DSCR) loans are becoming easier to access and are more widely available as lenders refine underwriting and gain confidence in the product’s performance. Like other seemingly “nontraditional” loans, lenders took some time to dip their toes into in the DSCR market. Marc Halpern,
DSCR loans became an investor favorite in 2025 Read More »