The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.

Both the prime jumbo non-agency MBS market and the expanded-credit sector posted sequential increases in issuance in the first quarter. (Includes data tables.)

Credit standards for jumbo mortgages loosened in March. The changes came as home prices continue to increase.

Verus Mortgage Capital has grown its non-agency MBS issuance as more investors show interest in the expanded-credit mortgage market.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

Rithm Capital closed a $500.0 million MBS backed by rated residential transition loans through its Genesis Capital shelf. The deal is the second RTL securitization to receive a rating from Morningstar DBRS.

William Erbey was named new CEO of AAM late last year and is guiding the company away from non-agency conduit activities to focus on EV technologies.

Higher interest rates and tighter lending standards led to a decline in income at the business-purpose lender.

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.

Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.