What’s occurring with non-agency jumbo originations?
According to Inside Mortgage Finance, this is likely due to lenders relaxing underwriting standards to increase volume and demand. Still, the sector’s share of total emissions remains below pre-pandemic levels.
Jumbo loans accounted for 12.8% of total mortgage production in the second quarter, up from 9.2% in the previous quarter. This contrasts with a market share of 16.7% in 2019 as a whole.