Bank and thrift first-lien holdings declined by 1.2% at the end of 2020, marking the first quarterly drop since the first quarter of 2017. The three largest banks reduced their holdings in the fourth quarter. (Includes data chart.)

Jumbo lending increased a scant 2% in the fourth quarter and held steady on an annual basis in 2020. The sector lost a significant amount of market share as agency refi business boomed. (Includes data chart.)

The volume of jumbo servicing handled by 30 of the top firms in the sector declined by nearly 6% in 2020. The share of borrowers missing payments is increasing. (Includes data chart.)

Shellpoint processed more than 25% of the dollar volume of non-agency MBS issued in 2020. Servicers continue to grapple with elevated delinquencies, forbearance and concerns about disclosures. (Includes data chart.)

ARM originations declined 12.5% in the third quarter. Still, production was up 18.8% during the first nine months of the year.

Nonprime servicing fell 1.9% during the third quarter. Prepayment rates are high and loan modifications have increased sharply this year.

The correspondent channel accounted for 5.7% of jumbo originations among a group of major lenders tracked by this newsletter, down from 10.5% in 2Q20. The retail channel gained all of that market share. (Includes data chart.)

Among a group of 15 lenders, IO production increased by 22% in the third quarter and by 60% at the nine-month mark. (Includes data chart.)

Holdings increased by 1.2% in the third quarter. Wells’ boosted its portfolio while BofA reduced its holdings. (Includes data chart.)

Select Portfolio Servicing gained ground during the third quarter but Shellpoint Mortgage Servicing remained the top servicer of non-agency MBS. (Includes data chart.)