Some $13.26 billion of high-balance mortgages were included in agency MBS issued during the third quarter of 2025. Nine months into the year, agency high-balance sales were down somewhat on an annual basis, with the decline concentrated in sales to the GSEs. (Includes three data tables.)
Lending was down slightly across products in the third quarter. UWM remained the largest conventional-conforming producer and moved into the top spot among originators of government-insured loans. (Includes two data tables.)
The company has expanded its issuance of non-agency MBS beyond GSE-eligible mortgages for non-owner-occupied properties, adding traditional GSE mortgages to the mix.
Redwood Trust’s core operations were profitable in the third quarter, including record mortgage acquisitions. However, sales of legacy assets prompted a loss at the real estate investment trust.
The non-agency jumbo share of total originations hit 15.8% in the second quarter. That’s the highest level since late 2022. Meanwhile, agency high-balance business was level compared with the first half of 2024. (Includes three data tables.)
Originations of non-agency jumbo mortgages increased by nearly 60% in the second quarter of 2025. All of the top 50 lenders increased their jumbo originations compared with the first quarter. (Includes data table.)
A group of 30 major servicers increased their combined servicing of jumbo mortgages slightly from the end of March to the end of June. (Includes data table.)
Non-agency jumbos and expanded-credit mortgages gained market share in the second quarter of 2025. Originations of jumbos increased by nearly 60% from the first quarter. (Includes two data tables.)