Redwood noted that although it is quitting commercial mortgage production, it will continue to “opportunistically invest in mezzanine and subordinate CMBS tranches that meet our risk/return profile.”
MBS issuance rebounded in December, with Fannie/Freddie production rising 17.7 percent. In other words, had TRID not caused a December bump in GSE business, January could have looked better than it did.
Quicken said it "will evaluate all bids once received and make the decision to partner with one or two providers. Our plan is to reevaluate this process regularly."