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.

Complaints submitted to the CFPB increased by 8.7% on a quarterly basis.

The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.