The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks.

Credit standards for jumbo mortgages loosened in March. The changes came as home prices continue to increase.

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.

The jumbo market’s share of first-lien production narrowed in the fourth quarter of last year.

A sharp drop in jumbo originations in the fourth quarter of 2023 saw the sector’s market share of total first-lien originations narrow. (Includes data table.)

Angel Oak promotes chief investment officer; mortgage credit availability for jumbos drops in December; Logan Finance hires Paramount Residential Mortgage Group alumnus.

High interest rates and tighter credit boxes led to a decrease in originations of non-agency jumbos in the third quarter of 2023. (Includes data table.)

Affluent homebuyers are choosing all-cash deals over mortgage financing to avoid the high-interest rate environment.

Originations of non-agency jumbo mortgages increased by 35% from the first to the second quarter. JPMorgan Chase’s acquisition of First Republic Bank bolstered Chase’s jumbo lending efforts. (Includes data chart.)

The jumbo mortgage sector is evolving as the cost of higher-priced homes has continued to grow exponentially.