Ditech Financial, the nation’s 10th largest subservicer last time around, disappeared from the ranking because a large chunk of the company’s business, including subservicing assignments, was sold to New Residential Investment Corp.

As New Jersey loan broker Brian Benjamin put it, “Most lenders I see now want a paystub within 30 days of closing and a verbal VOE [verification of employment] within five days of closing.”

Those top GSE volume states also accounted for $1.776 trillion of GSE single-family loans outstanding at the end of last year, 37.4% of the total market.

While top nonbanks increased their production by 9.5% from the third quarter, depository institutions grew their volume by just 1.8%.

Those 21 states accounted for $919.3 billion of single-family business funneled through Fannie Mae, Freddie Mac and Ginnie Mae into mortgage-backed securities issued in 2019.

Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year...

Meanwhile, mortgage wholesalers are starting to reassess their rate-lock policies for shelter-in-force states...

At yearend, commercial banks owned more MBS than any other investor cohort at $1.793 trillion. The Fed was second, but that's going to change...

Conventional and government originators are feasting on refinancings that should keep them busy the next three months. After that...