Lakeview Loan Servicing capped a years-long ascent up the ranking of Ginnie Mae servicers thanks largely to bulk MSR purchases and acquisitions through co-issuance arrangements.
While Fannie, Freddie and Ginnie continued to dominate the business of securitizing income-property mortgages, issuance of non-agency CMBS gained ground in 2019 thanks to significant increases in office, industrial and multifamily transactions.
Lenders generated a hefty $2.375 trillion of first-lien home loans last year, the strongest the market’s been since 2006. Volume was up 8% from the third to the fourth quarter, but not all lenders took advantage of the refi wave. (Includes two data charts.)
Only two banks ranked among the top 10 agency sellers in 2019, while six of their nonbank peers posted significant increases from the third to the fourth quarter. (Includes two data charts.)
The Golden State had the largest volume of purchase loans sold to Fannie, Freddie and Ginnie, but it lagged other states in growth rates. (Includes two data charts.)
Most of the decline in bank GSE servicing was recorded at Wells Fargo, Chase and Bank of America. Big nonbank gainers included NewRez, Quick-en, Matrix Financial and PennyMac. (Includes two data charts.)