Abby Zimmardi

The bank originated $7.34 billion in jumbos in the first quarter, a 22.9% decline from the fourth quarter of 2025, according to a new analysis and ranking by Inside Nonconforming Markets.

Lenders denied 12.1% of applications for jumbo mortgages in 2025.

Next week the Federal Open Market Committee will meet for the first time since Kevin Warsh took over as Fed chair.

Annaly was the top producer of nonconforming loans through the correspondent channel among the survey group, increasing its production by 9.9% to $5.08 billion.

The ARM share of first-lien originations also declined somewhat, as interest rate trends in the first two months of the first quarter made fixed-rate mortgages somewhat more attractive than ARMs.

Redwood is partnering with just one or two sellers on eNotes at the moment rather than with all of its 240 loan seller partners.

Home prices declined slightly on a monthly basis in April. But home price appreciation is expected to pick up on an annual basis.

Home sales in June jumped 9.2% from May even as housing inventory growth stalled.

“More rating agencies means more perspectives, and more perspectives means sharper insight for investors,"John Beacham, CEO of Toorak Capital Partners, said. “That’s good for issuers, good for investors, and good for the long-term health of the market.”

Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.