Sales of jumbo mortgages through the correspondent channel plummeted in 2022 as elevated interest rates cut into production. (Includes data chart.)

A growing community of non-QM lenders are providing funding for people working in the cannabis industry who can’t get traditional financing.

Shellpoint Mortgage Servicing lost a small share of servicing for non-agency MBS deals based on issuance in the first quarter of 2023 as servicers experience consolidation to kick off the year. (Includes data chart.)

Angel Oak Mortgage operated at a breakeven level in the first quarter despite increased activity in new loan purchases and securitization.

Three new MBS hit the market; non-QM impairments declined in March; Impac Mortgage delisted from NYSE.

Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.

The FDIC closed First Republic Bank this week and JPMorgan Chase acquired substantially all of the bank, with help from a loss-sharing agreement provided by the FDIC.

Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.

About 48% of potential first-time buyers are saving up to buy a new home and get out of the monthly rental cycle.

Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.