Retail production continued to gain market share in conventional-conforming lending, the biggest mortgage sector, but correspondent and broker share rose in the government and jumbo markets. (Includes two data charts.)
After an anomalous spike in the third quarter, bank repurchase volumes returned to normal levels in the final three months of 2020. (Includes data chart.)
Although GSE single-family business volume declined from January to February, the market remained at historically high levels, especially for refinance transactions. (Includes two data charts.)
The agencies issued $304.15 billion of new single-family MBS in February — the fifth straight month over the $300 billion mark, a level never seen until August of last year.
February marked the fifth month in a row when agency MBS issuance topped $300 billion. Although purchase-mortgage business fell significantly, refi remained strong. (Includes two data charts.)
While the staggering $2.6 trillion of refinance originations in 2020 captured most of the industry's attention, the purchase-mortgage market also hit an annual record of $1.4 trillion. (Includes five data charts.)