Issuance of Ginnie Mae mortgage-backed securities with refinance loans increased sharply for the third straight month in October. However, the refi business appears poised to slow as interest rates on mortgages increased through October. (Includes two data tables.)

The new offering allows for a cash-out refi with an LTV ratio near 90% without borrower-paid mortgage insurance.

Nonbanks of all sizes, except for HFAs, lost market share to all types of depositories. Even so, the rankings of the top 10 GSE sellers barely changed in the third quarter. (Includes two data tables.)

A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.

The correspondent channel’s share of government-insured lending increased in the second quarter, but it was still down on a year-to-date basis from the first half of 2023. (Includes data table.)

United Wholesale Mortgage has introduced a new AI-based platform to help its brokers recapture borrowers with a refinance.

Refinance activity drove much of the increase in Ginnie MBS issuance between July and August. Freedom Mortgage remained the top Ginnie issuer, but its production was down 1.9% from July. (Includes two data tables.)

Freddie issuance totaled $35.67 billion in August versus $34.36 billion at Fannie — a rare instance in which Freddie was the larger issuer. Year to date, though, Fannie is still the leader. (Includes two data tables.)

Originations of both non-agency and conforming jumbos were up in the second quarter of this year.

Freedom mortgage leaped over UWM and PennyMac in the latest ranking and analysis of government-insured mortgage originators.