Purchase mortgages accounted for 75.1% of prime non-agency MBS issuance in the third quarter, up from a 58.9% share in the previous quarter. (Includes three data tables.)

Rising interest rates have a distinct impact on the jumbo market, but borrowers and sellers in the space are finding a balance.

Redwood Trust reported a loss of $45.5 million in the third quarter, as well as a decline in its aggregation of non-agency mortgages.