The FDIC closed First Republic Bank this week and JPMorgan Chase acquired substantially all of the bank, with help from a loss-sharing agreement provided by the FDIC.

Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.

About 48% of potential first-time buyers are saving up to buy a new home and get out of the monthly rental cycle.

Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.

Bloomberg will update its agency MBS prepayment models in May to account for rising interest rates and housing market demand.

First Republic Bank has set its sights on cleaning up its balance sheet and originating loans for sale to the secondary market, which may be easier said than done.

Invictus Capital Partners was the top issuer of expanded-credit MBS in the first quarter of 2023.

First Republic Bank plans to shift to originating loans for sale into the secondary market.

However, a Goldman strategist said residential lending should avoid the pain that will be more pronounced in other sectors.

Expanded-credit MBS issuance increased by more than 75% in the first quarter of 2023. Invictus Capital Partners was the top issuer in the early months. (Includes three data charts.)