Volume was down on an annual basis across prime, subprime, Alt A and scratch-and-dent deals.

The $455.6 million securitization of closed-end second liens is the largest securitization of newly-originated closed-end second liens seen in recent years.

Verus Mortgage Capital, already the top issuer of expanded-credit MBS, is planning to issue a $701.6 million deal, marking the largest issuance from the affiliate of Invictus Capital Partners in more than a year.

Expanded-credit MBS volume was down 27.2% on an annual basis and prime volume fell by 62.9%.

JPMorgan Chase is no longer the largest issuer of non-agency MBS.

The non-QM market will see outsized growth in 2024, according to industry participants.

United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.

The increase in impairments in November was the largest increase seen in the sector outside of COVID.

Mortgages from a variety of lenders are included in the MBS, led by HomeXpress Mortgage with a 42.0% share.

The planned $440.9 million issuance is the largest jumbo MBS from Redwood in more than a year.