The dollar volume of conforming jumbo mortgages included in GSE MBS increased sharply in the third quarter. Other noncore GSE business also expanded. (Includes data chart.)

A strategic plan from FHFA includes proposals to help the non-agency secondary market better compete with Fannie Mae and Freddie Mac.

HPS is reportedly paying about $250 million for the non-QM lender. Citadel’s expanded-credit production has outpaced the market this year.

Redwood’s mortgage banking income decreased in the third quarter as falling interest rates lessened demand for MBS. Execution rebounded in October after interest rates increased.

Moody’s assesses Quicken as an “average” originator of prime jumbos; Prosper ties up with BBVA USA to launch a HELOC product; Deephaven hires Kris-Ann Carduff as a vice president.

Wells Fargo is set to issue its second-largest post-crisis prime non-agency MBS while PIMCO has a deal backed by seasoned mortgages.

Production of jumbo mortgages at First Republic Bank and Flagstar Bank increased on a sequential basis in the third quarter. Volume was driven by refinances as interest rates fell during the quarter.

JPMorgan Chase Bank issued a deal this month that looks like it will meet requirements for favorable capital treatment by the OCC. The transactions could prompt similar issuance by other banks.

A proposal by the FDIC to decrease disclosure requirements for certain non-agency MBS issued by banks largely found support from industry participants. However, MBS investors and consumer advocates raised concerns.

The $490 million acquisition of CoreVest, a major player in the single-family rental market, will help Redwood diversify its revenue sources.