“In 10 states, our purchases already equal or exceed amounts in those geographies in each of 2018 and 2019,” Redwood said of its acquisitions of jumbos in 2021. “Loan purchases in these 10 states represent almost 30% of our year-to-date 2021 volume.”
The jumbo servicing market inched up in the first quarter of 2021. The two largest banks in the sector reduced their balances while others expanded their portfolios. (Includes data chart.)