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.

Bloomberg will update its agency MBS prepayment models in May to account for rising interest rates and housing market demand.

First Republic Bank has set its sights on cleaning up its balance sheet and originating loans for sale to the secondary market, which may be easier said than done.