Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

BofA, which ranked 10^th in Inside Mortgage Finance’s third quarter ranking, funds loans through only one channel: retail. Home-equity lending also took a hit: $469.0 million compared to $984.0 million in the third quarter.

In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...

What about Movement Mortgage as an IPO candidate?

Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.

Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.

loanDepot’s biggest investor is Parthenon Capital Partners, a private equity firm...

The rock-bottom interest rates had substantially less impact elsewhere in the structured-finance market...