Non-agency MBS issuance more than doubled on a sequential basis in the first quarter of 2024, with jumbo mortgages making up the majority of loans in the deals. (Includes three data tables.)

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls.

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

New York Mortgage Trust acquired $302.0 million of business-purpose loans in the first quarter, a 30% increase from the prior period.

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio.

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.

The real estate investment trust’s non-agency conduit had a record quarter for loan acquisitions in 2023.

A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)