The FHFA increased the baseline conforming loan limit by 5.6% for 2024, while new research finds increasing conforming loan limits impacts home prices and loan volumes.

High interest rates and tighter credit boxes led to a decrease in originations of non-agency jumbos in the third quarter of 2023. (Includes data table.)

Chase remained the top servicer of jumbo mortgages in the third quarter of this year, followed by Wells Fargo. (Includes data table.)

Affluent homebuyers are choosing all-cash deals over mortgage financing to avoid the high-interest rate environment.

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.