Unless mortgage rates begin declining, lenders and brokers alike will shed additional jobs...

Mortgage lenders delivered $282.16 billion of first-lien home loans into the agency secondary market during the third quarter of 2023, a modest 2.3% increase from the prior period, according to a new ranking and analysis by Inside Mortgage Finance.

Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.

The amount of mortgages nonbanks originated in California in 2022 was more than double the volume in the second-ranked state.

Among the top 100 lenders, banks accounted for 30.9% of originations in the second quarter, up from a 29.9% share in the first quarter.

Chase increased the agency MBS in its trading accounts by $11.20 billion during the second quarter, boosting its total to $86.52 billion.

GSE-related buybacks increased by 2.3% on a quarterly basis.

In the conventional-conforming sector, the securitization rate rose to 71.4% from 68.8% as Fannie Mae and Freddie Mac churned out new MBS faster than the market was making new loans.

The top three home equity lenders in 2Q23: Bank of America, Citizens Bank and PNC...

Fitch and DBRS weathered the sharp drop in rated non-agency MBS issuance better than their competitors.