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Jumbo Correspondent Sales Down in 2022

May 11, 2023
James Dohnert
Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.
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Non-QMs an Option for Borrowers in Cannabis Industry

May 10, 2023
James Dohnert
While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.
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As Banks Falter, Annaly Sees an Opportunity in Jumbos, EC...

May 8, 2023
James Dohnert
Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...
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Angel Oak’s REIT Breaks Even in First Quarter

May 4, 2023
James Dohnert
Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.
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Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS

May 4, 2023
Brandon Ivey
Locks for both purchase mortgages and refinances declined.
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Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp

May 2, 2023
Brandon Ivey and Paul Muolo
Chase isn’t going to follow First Republic’s jumbo-lending model.
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JPM Takes Control of First Republic in Federally Assisted Deal

May 1, 2023
James Dohnert
Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.
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Redwood Sees Jumbo Opportunity as Banks Suffer

April 28, 2023
James Dohnert
Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.
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Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance

April 28, 2023
Brandon Ivey
There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.
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Annaly Takes Large Loss in First Quarter Amid Volatility

April 27, 2023
Brandon Ivey
While the first quarter didn't go much better than the fourth quarter, officials at the REIT suggest better times are ahead.
Read More
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