The firm now handles an estimated 11.0% of the jumbo servicing market. (Includes data table.)

Redwood has grown its bank partnerships over the last couple of years to prepare for a market in which depositories want to move away from mortgage lending.

Maxex expects increased investor demand and high interest rates to help drive non-agency loan originations in 2025.

Increases in non-agency originations contributed to earnings growth at PennyMac in the fourth quarter.

Redwood announces debt offering; Newfi invests in Dunmor; Visio appoints new CEO.

Redwood said it will now aggregate bank statement loans, CPA-prepared profit-and-loss statements and debt service coverage ratio loans through its Aspire correspondent platform.

The mortgage marketplace and conduit is offering prime and non-QM jumbo products.

Three issuers have started marketing non-agency MBS thus far in January, including two expanded-credit MBS.

Correspondent lenders took some market share from both the retail and broker channels in the nonconforming market in the third quarter. (Includes two data tables.)

Shellpoint handled servicing on 32.3% of the non-agency MBS issued during the third quarter. (Includes data table.)