The supply of home-equity debt outstanding in the market continued to fall in the first quarter as new originations of HELOCs and closed-end seconds declined 13%. (Includes three data charts.)

While nonbanks ranking among the top-100 lenders boosted production by 3.2% in the first quarter, depository institutions posted a 7.9% drop. (Includes two data charts.)

Banks may have ceded the residential lending game to nonbanks but they certainly love the end product...

Commercial banks upped their MBS holdings by 6.4% in the first quarter, staying ahead of a still-hungry Federal Reserve that boosted its portfolio by 7.1%. (Includes two data charts.)

Freddie Mac and Fannie Mae accounted for most of the growth in the servicing market during the first quarter of 2021, as nonbanks continued to expand their footprint. (Includes two data charts.)

Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...

Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...

Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.

Lenders delivered $149 billion of refinance loans into Fannie and Freddie MBS issued in May, down 29% from April. The GSEs also saw a 4% drop in deliveries of purchase-money mortgages. (Includes two data charts.)

However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.