Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…

In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...

The wholesale-broker market saw a surge in origination volume during the second quarter of 2017, according to a new ranking and analysis by Inside Mortgage Finance. All three primary-market production channels recorded big gains in the second quarter, but mortgage brokers posted the biggest increase, a 35.1 percent jump in first-lien mortgage originations to an estimated $50.0 billion. Most of the top wholesale funders in the sector reported similarly big increases in production. One reason the broker share of originations rose in the second quarter was...[Includes four data tables]

Starwood didn’t disclose the volume of non-QMs it has acquired at this point.

Ellington is showing an increasing interest in the non-QM market…

Total bank investment in residential MBS rose by $36.28 billion during the second quarter…

The Home Affordable Refinance Program was arguably one of the most successful initiatives aimed at delivering consumer relief in the wake of the housing meltdown. It’s proving hard to kill. The Federal Housing Finance Agency this week extended HARP for another year, until the end of 2018. It was slated to sunset at the end of this year. The program has been extended several times since it was authorized back in 2009. The extra year is...

Today, Fannie and Freddie hold $13.50 billion of subprime and Alt A MBS. At the end of 2005, they had a staggering $258.67 billion in such assets.

Commercial banks and savings institutions continued to stockpile agency MBS during the second quarter of 2017 with a strong appetite for Fannie Mae and Freddie Mac pass-through securities. Total bank investment in residential MBS rose by $36.28 billion during the second quarter, lifting the industry’s aggregate portfolio to a record $1.799 trillion. Bank MBS holdings have risen steadily since the third quarter of 2014, growing by $264.07 billion over that period. In addition to those held-to-maturity and available-for-sale accounts, about a dozen banks held $16.34 billion of residential MBS in trading accounts. All of the growth has been...[Includes two data tables]

Fannie Mae and Freddie Mac are still titans in the residential MBS market when it comes to making new securities, but they have been forced to the sidelines as investors over nine years in conservatorship. The two government-sponsored enterprises held a combined $221.48 billion of residential MBS at the end of June. Firm numbers on the total volume of MBS outstanding at that point aren’t available yet, but it’s unlikely that Fannie and Freddie held more than 3.5 percent of the market. The two GSEs reduced...[Includes one data table]