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.

While home prices are providing a lift for jumbo originations, many banks have a risk aversion to the products in the current rate environment.

CrossCountry Mortgage teamed with Hildene Capital Management on originations of expanded-credit mortgages and MBS issuance.

Financial services company Charles Schwab is expanding a program that offers discounted mortgage rates in a bid to draw more high-net-worth clients.