Freddie upped its share of GSE single-family MBS issuance with a 7.5% increase from September, while Fannie’s monthly volume slid 3.0% last month. (Includes two data charts.)
Correspondent production took a bigger share of the fast-growing conventional-conforming space, while retail expanded in government lending. Wholesale-broker jumbo lending declined in the third quarter. (Includes two data charts.)
Seven publicly held nonbanks reported a combined $398 million in income from mortgage banking operations in the third quarter, ending a nine-month streak of aggregate losses. Mr. Cooper emerged on top. (Includes data chart.)
Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…
Increased interest volatility and widening spreads challenged REIT MBS investors in the third quarter as both agency and non-agency holdings declined. (Includes data chart.)
The combined mortgage portfolio of Fannie and Freddie increased by $9 billion during the third quarter, largely as a result of a growing securitization pipeline. (Includes data chart.)
The private MI industry wrote $118.2 billion of new insurance during the third quarter, coming within a whisker of matching the all-time high set 16 years ago. (Includes two data charts.)
October was also unusual because the flow of VA loans into Ginnie MBS exceeded the intake of FHA loans. That’s the first month of VA supremacy over FHA since the beginning of 2017 and perhaps in Ginnie’s history.