Many expanded-credit MBS are performing better than Fitch Ratings’ initial expectations. The rating service also completed a review of ratings on jumbo MBS, resulting in more limited upgrade activity.
CrossCountry, Rocket boost conforming loans limits by 1.5%; UWM offers pricing incentive for jumbos; Castlelake and Redwood partner on first mortgage-backed security; CV3 on track for record originations.
Non-agency jumbo mortgage production increased by 25.0% on a quarterly basis in the second quarter to an estimated $90.00 billion. (Includes data table.)