Bank ABS holdings drifted lower in every sector except one: the nebulous “other” category.

The top two banks in mortgage banking – Wells Fargo and JPMorgan Chase – reported sharply different results in the third quarter.

Table-funding increased by 16.7% from the second quarter, hitting an estimated $98 billion in the most recent period. That’s a healthy increase and represented the strongest quarter for broker production since early 2008…

In September, MBS trading came in at a mouthwatering $280.0 billion, the best showing of 2019.

Freddie repurchase activity has consistently exceeded Fannie levels since 2016…

When it comes to wholesale/broker lending, not one depository ranked among the top five in 3Q19…

At Sept. 30, banks held another $38.07 billion of MBS in trading accounts…

Special statutory provisions establish different GSE loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. 

UWM doesn’t issue its own MBS, and instead contributes to deals issued by others, most notably, JPMorgan Chase.

With refinance activity surging, retail platforms were kept busy writing replacement loans for their existing servicing clients.