The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks.

Sales of jumbo mortgages through the correspondent channel declined for the second consecutive year in 2023.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

Home prices in high- and low-cost neighborhoods converge in counties that have a high concentration of nonbank originations.

Both the prime jumbo non-agency MBS market and the expanded-credit sector posted sequential increases in issuance in the first quarter. (Includes data tables.)

Credit standards for jumbo mortgages loosened in March. The changes came as home prices continue to increase.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.

Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.

Redwood Trust touted a new partnership with the Canada Pension Plan Investment Board as one of the first steps to increasing its activity in joint ventures.