Although holdings increased overall, two of the four largest players in the market reduced their holdings: Bank of America and Wells Fargo.

Some 69.8% of mortgages originated during the third quarter of 2025 were securitized.

ARMs made up 15.9% of total first-lien originations in the third quarter, down from a 16.2% share in the second quarter.

Citizens Bank maintained its top HEL lender position with $3.10 billion of volume in the third quarter, down 0.9% from the previous three-month period.

Chase had the most mortgage sales volume in the third quarter among depositories, according to a recent Inside Mortgage Trends analysis of call report data.

The GSE share of servicing outstanding fell from 46.4% at the end of June to 46.1% at the end of September.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

Holdings of MBS among REITs increased by 8.4% during the third quarter of 2025.

High-balance loans accounted for 4.4% of total agency MBS issuance in the third quarter.