Truist saw its jumbo volume plunge by 72.5% in the fourth quarter.

Issuers are largely meeting Ginnie's capital requirements, though liquidity remains a concern.

Among the nation's largest banks, MSR values were mixed.

MBA's Marina Walsh attributed the uptick in delinquencies to a weakening economy and “ongoing inflationary pressures.”

The SEC’s proposed rule on conflicts of interest in the securitization market would limit many types of CRT issuance...

The jumbo sector lost some market share in the fourth quarter of 2022. Banks are tightening underwriting standards and seeing diminished demand for the products. (Includes data chart.)

Jumbo servicing portfolios at many of the largest firms in the sector increased in both the fourth quarter and on an annual basis. Low prepayment rates helped to keep loans in portfolio. (Includes data chart.)

At the end of 2022, Redwood had more capital dedicated to its business-purpose lending efforts than to aggregation of jumbo mortgages. Officials at the REIT expect the business-purpose segment to flourish even if there’s a recession.

Rising interest rates prompted a loss of $231.6 million at MFA Financial in 2022. The losses slowed in the fourth quarter, at “only” $6.7 million, helped by business-purpose lending operations.

Two new issuers are offering expanded-credit MBS, there’s a securitization backed by newly-originated second liens and the jumbo MBS market is showing more signs of life.