Redwood Trust’s profits declined from the first to the second quarter, while loan locks and funding reached new highs.

Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)

Jumbo MBS issuance is off to a strong start in the third quarter, with five deals marketing within the past two weeks.

More high net-worth consumers are shunning jumbo mortgages and purchasing luxury homes in all-cash deals.

EquiFi hires new leadership for mortgage division; Encompass Lending to use FICO Score 10T; LoanStream announces July pricing special; Change Lending appoints new CFO.

Proposed regulatory changes on bank deposits have led to an increase in partnerships between Redwood Trust and depositories.

Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.

Originations of jumbo mortgages declined in the first three months of the year driven by a retreat among banks. Nonbank lenders picked up some of the slack. (Includes data table.)

Rejection rates on jumbo mortgage applications increased last year even as application volume declined. (Includes data table.)

Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)