Volatility stemming from bank failures in March put a damper on non-agency MBS issuance. A jumbo deal was pulled and expanded-credit activity slowed.

Invictus Capital Partners was the top-ranked non-agency MBS issuer in the first quarter.

2022 marked the first year that net production was negative for the full year since the MBA started its performance survey in 2008.

Relatively low interest rates don't help much if there aren't many homes for sale.

Issuance doubled compared with the fourth quarter of 2022. However, issuance slowed considerably in March following the failures of two regional banks. (Includes data chart.)

Affluent borrowers seeking jumbo mortgages have high expectations in terms of customer service. Lenders looking to work with such borrowers should establish specialized standards, according to an industry analyst.

The CFPB has established new reporting requirements on loans for small businesses. Investment-property loans already reported under HMDA are exempt from the new standards.

First Republic’s servicer rating downgraded; Moon Mortgage offering jumbos with qualification based on cryptocurrency holdings; DBRS adds due diligence provider to “acceptable” list; Utah loosens age requirement for proprietary reverse mortgages.

The SEC’s proposed rule on conflicts of interest in the securitization market is unworkable and unnecessarily broad, according to industry stakeholders.

Silicon Valley Bank failed after complications involving funding provided to the bank by the Federal Home Loan Bank system and the Federal Reserve. MBS holdings also played a role in the bank’s failure.