Ginnie remained the top agency in single-family business during the second quarter, though the GSE market posted a bigger gain. Purchase-mortgage volume accounted for most of the gain. Refi activity was also up. (Includes two data tables.)
Lenders continue to make bulk purchases to offset runoff in their portfolios and make up for anemic originations. However, demand for MSRs could be near a peak, according to industry analysts.
A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups.
The refinance market is showing signs of life — especially in the government-insured sector — and total agency MBS issuance in the first quarter was up from a year ago. (Includes two data tables.)
The FHA gained share in the agency purchase-mortgage market last year, while private MIs continued to do more first-time buyer business. (Includes four data tables.)
A few top lenders managed to gain share in primary market originations of agency-eligible loans during the fourth quarter. But product totals were down across the board. (Includes two data tables.)
The GSEs’ new multifamily loan acquisitions came to just $82.7 billion in the first 10 months of the year. That was down 23.8% from the first 10 months of 2022.