Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.

Then again, Fannie and Freddie don’t buy everything that’s eligible. In recent months, there has been a burst of non-agency MBS issuance backed by GSE-eligible loans...

For some sellers, the curbs don’t represent much of a bump in the road. For Quicken Loans, the top GSE seller over the 12-month period, investor/second-home loans were roughly 5.5% of its sales to both Fannie and Freddie.

Some sellers may be able to redistribute their sales of investor and second-home mortgages to meet new Fannie and Freddie purchase limits. But many will have to sell fewer of the loans. (Includes two data charts.)

The conventional-conforming market saw solid gains from retail lenders and wholesale-broker platforms, but correspondent production was off 3% in the first quarter of 2021. (Includes two data charts.)

Ball game over for depository residential originators?

New loan production in bank mortgage banking operations was down slightly in the first quarter. Loan sales also slumped. (Includes two data charts.)

Can the rampage of nonbanks in the primary mortgage market drive securitization rates higher for jumbo mortgages? (Includes data chart.)

Jumbo mortgage originations were up in 2020 but most production remained on the lenders' books. Direct sales of conventional loans to non-agency securitizers also fell. (Includes data chart.)

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.)