Those top GSE volume states also accounted for $1.776 trillion of GSE single-family loans outstanding at the end of last year, 37.4% of the total market.

While top nonbanks increased their production by 9.5% from the third quarter, depository institutions grew their volume by just 1.8%.

Those 21 states accounted for $919.3 billion of single-family business funneled through Fannie Mae, Freddie Mac and Ginnie Mae into mortgage-backed securities issued in 2019.

Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year...

Meanwhile, mortgage wholesalers are starting to reassess their rate-lock policies for shelter-in-force states...

At yearend, commercial banks owned more MBS than any other investor cohort at $1.793 trillion. The Fed was second, but that's going to change...

Conventional and government originators are feasting on refinancings that should keep them busy the next three months. After that...

In terms of new HELOC commitments, Bank of America, Wells Fargo and Citizens Bank ranked first, second and third, respectively in 2019...

Straight talk from Impac CEO George Mangiaracina: “These are extraordinary times with unprecedented interest rate shocks and global market dislocation so any enthusiasm for future prospects should be properly balanced and tempered by potential supply and distribution constraints..."