The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.

The nation’s largest lender/servicer Wells Fargo drew the most gripes, with Mr. Cooper and Ocwen Financial, finishing second and third respectively.

Across all LTV bands, the share of purchase loans with low FICO scores fell from 12.88% in the second quarter to 12.29% in the third.

Roughly 65.1% of SunTrust’s production came through the correspondent channel.

Co-issuance transfers – a smaller market – actually increased 52.9% sequentially to $59.4 billion…

loanDepot was also an active seller of bulk MSRs in the third quarter, according to an exclusive tally from Inside Mortgage Trends…

Fun fact: Over the past five years, the nonbank share of the agency servicing market has almost doubled and now stands at 47.2%...

Higher-priced mortgages are a regulatory designation based on the comparison of the annual percentage rate on a mortgage with the average prime offer rate, which tracks rates offered to prime borrowers.

BofA no longer reports mortgage earnings separately in its quarterly results. Residential finance is housed in the company’s community banking division, which reported net income of $3.3 billion in 3Q19, a slight gain from the prior period.

Industry analysts attribute the rise to a search for yield by investors along with increased acceptance of non-QMs in the investor community.