There was still gas in the tank in January as agency MBS issuance rose slightly from the previous month. Fannie saw the biggest gain, while Freddie business fell. (Includes two data charts.)
Among the top 50 players in mortgage servicing, nonbanks saw their portfolios grow 5.7% from the third to the fourth quarter. Depositories posted a 2.9% decline. (Includes two data charts.)
The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...
Agency multifamily MBS programs accounted for 72.2% of total commercial mortgage securitization in 2020, their most dominant share since the immediate aftermath of the financial crisis.
Ginnie Mae MBS at the end of 2020 included $773.5 billion of VA loans, a 9.5% increase from the previous year, while the FHA sector posted a 4.2% decline over that period. (Includes four data charts.)
Non-agency CMBS issuance last year sank to its lowest production level since 2012 and key real estate sectors remain under stress. But the agency multifamily MBS programs continued to grow. (Includes data chart.)
Some $714 billion of loans were removed from Ginnie MBS last year, with about 86% of them representing borrower payoffs. Repurchases of delinquent loans were also up sharply from 2019. (Includes two data charts.)
Mortgage production exploded in the second half of the year, pushing 2020 past the all-time high set back in 2003. Agency business and nonbanks saw the biggest gains. (Includes two data charts.)