Fannie Mae and Freddie Mac accounted for 44.1% of all mortgage originations in 2023, compared with 48.6% in 2022 and more than 58% in both 2021 and 2020.
Combined FHA/VA forward mortgage volume declined by 17.7% in the fourth quarter. For the full year, volume was down 19.9%. (Includes three data tables.)
Deliveries to the GSEs in January dropped to their lowest level since February 2023, with both purchase and refi volume down. (Includes two data tables.)
All lender types, except HFAs and credit unions, saw GSE deliveries decline in the fourth quarter. For HFAs, that meant a spike in market share, albeit from a low starting point. (Includes two data tables.)
Endorsements of FHA and VA insured loans increased by 9.2% in the third quarter while total first-lien originations declined. (Includes three data tables.)
Some $30.43 billion in Ginnie Mae mortgage-backed securities was issued last month. FHA volume held up better than VA activity. (Includes two data tables.)
VA issues circular on foreclosure moratorium; Ginnie is looking for new senior vice president for the Office of Enterprise Data and Technology Solutions.