While first-lien mortgage holdings at banks grew only slightly during the fourth quarter, the mix included more adjustable-rate mortgages than in recent quarters. (Includes data table.)
Although it booked a loss in the fourth-quarter, MFA believes a variety of management changes at its business-purpose affiliate lender will boost originations in 2025.
Redwood has grown its bank partnerships over the last couple of years to prepare for a market in which depositories want to move away from mortgage lending.
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