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.

The industry expects robust bulk MSR trading during the first quarter.

Erbey's CEO role will include a base salary of $50,000 per year and no other forms of compensation.

“The market has had more liquidity of late than it’s had in some time,” said Homebridge CEO Peter Norden.

It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.

The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.

Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.