Not a good sign: The three banks in the top five shed a combined $38.1 billion during the final three months of the year…

Sprout funded $2.78 billion of originations in 2019, with an emphasis on non-qualified mortgages.

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...

Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8.

Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender.

Fannie and Freddie are poised to bring the bacon home in regard to fourth quarter earnings. Any wild cards here? Probably not.

The office market, which accounted for 26.2% of nonagency CMBS collateral last year, posted a 44.7% increase from 2018.

Fun fact: More VA loans were funded in the 4Q19 than FHA-backed mortgages, a rarity.

Something to think about: What if Trump doesn’t get reelected? Will the Dow react differently under a President Warren or Sanders than it would a Biden or Bloomberg? Whatever happens, it won’t be boring…

Then again, not all banks are pulling back from agency servicing…