New VA endorsements declined significantly due to a sharp drop in refinance activity, but FHA volume was up slightly in the second quarter. (Includes three data charts.)
Over $60 billion of new CLO issuance came to market in the second quarter of 2021, along with a whopping $70 billion in refinance and restructuring activity. (Includes two data charts.)
With Fannie’s Connecticut Avenue Securities on ice for over a year, the supply of single-family credit-risk transfer debt in the market has declined significantly. (Includes data chart.)
Surging purchase-mortgage business helped boost market shares for the FHA and private mortgage insurers, but the biggest factor was a sharp decline in VA business. (Includes three data charts.)
The shift toward more purchase-mortgage business in the agency market appeared to help the correspondent channel the most at the expense of wholesale-broker. (Includes two data charts.)