The bank originated $7.34 billion in jumbos in the first quarter, a 22.9% decline from the fourth quarter of 2025, according to a new analysis and ranking by Inside Nonconforming Markets.
Homebuyers are still waiting to move off the sidelines despite a recent reprieve in mortgage rates, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 29.
Among purchase-mortgage applications received last year, lenders denied 7.79% of conventional mortgage applications, 8.10% of VA loan applications and 12.70% of FHA loan applications.