UWM finished as the top agency seller in 2025, with annual volume up 22.2% from the previous year. Like many companies, its fourth-quarter sales rose dramatically thanks to heavy refinance volume.
A gain in income from the production and sale of new single-family home loans helped cover a modest decline in servicing profitability in the third quarter.
At the end of November, the two government-sponsored enterprises held $104.56 billion of agency MBS in retained portfolios. That was up $31.99 billion from the end of September, a 44.1% increase.
Recent buyback data suggest the 2024 vintage is one of the most pristine in modern GSE history, although repurchase volume was up in the third quarter of 2025. (Includes three data tables.)
Fannie and Freddie have upped their retained MBS holdings significantly in recent months, as have the Federal Home Loan Banks. Analysts expect money managers and insurance firms to remain key investors. (Includes two data tables.)