United Wholesale Mortgage remained the top contributor to jumbo MBS in the third quarter, though other lenders gained market share. Large nonbanks and a wide number of smaller lenders have been contributing collateral for jumbo MBS. (Includes three data tables.)

Redwood Trust grew its loan selling partnerships with banks over the course of the third quarter of 2023.

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

NP launches new jumbo program; Kiavi closes $275 million RTL securitization; Xome launches investment property market educational game; SunWest debuts DSCR loan product.

The retail channel accounted for 85.9% of jumbo originations in the first six months of the year among a group of major lenders tracked by this newsletter, up from 80.2% in the first half of 2022. (Includes data chart.)

New non-QM and jumbo securitizations hit the market; The Mortgage Calculator launches DSCR product.

The jumbo mortgage sector is evolving as the cost of higher-priced homes has continued to grow exponentially.

A slew of non-agency MBS hit the market; Roc360 forms a real estate investment trust; Deephaven Mortgage launches second mortgage product.

Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks.

Redwood Trust believes banks will need to turn to new liquidity partners as regulatory pressure mounts.