Noncore products are loans in which the non-agency market competes with the GSEs.

Some $93.98 billion of non-agency MBS was issued year-to-date through September, putting the market on track for its best year since 2021.

Ginnie issuers securitized $15.61 billion of refis through the Department of Veterans Affairs home loan program in the third quarter, a 68.5% increase from the prior period.

Non-agency MBS issuance backed by new originations totaled $20.15 billion in the third quarter, up 17.7% from the previous quarter.

Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.

Some $189.08 billion of loans with insurance coverage were included in agency MBS issued in the third quarter, a 13.6% increase from the prior period.

Five of the top 10 GSE sellers increased their volume by at least 20.0% in the third quarter.

Residential MBS production was up 11.9% from the second quarter, hitting $341.43 billion, a two-year high.

Some 9.2% of purchase loans sold to the GSEs in 3Q24 had credit scores below 700.

The good news: It was the highest residential lender jobs reading since March of this year...