Over the past year, a handful of banks have exited the warehouse finance sector, including Comerica and Fifth Third.

United Wholesale Mortgage ranked as the top producer of purchase mortgages in the first nine months of 2023 with $73.17 billion.

Large mortgage companies are seeing flat income from originations and increasing income from servicing.

The 11 Federal Home Loan Banks reported net income of $1.74 billion for the third quarter, down 5.7% from the previous period.

A number of competitors in the correspondent channel registered eye-popping growth...

Lakeview Loan Servicing has been the most active bulk buyer of Ginnie MSRs, with $87.67 billion in acquisitions since the first quarter of 2022.

Jumbo production declined by 6.0% in the third quarter and the sector lost some market share.

However, banks also held $58.99 billion of residential MBS in trading accounts, up $15.28 billion from June.

With total first-lien originations sinking 3.8%, the agency share of the market rose to 85.7%, its highest level since early 2021.

While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.