The top 50 servicers boosted their portfolios by 1.7% during the third quarter, more than double the growth rate of the overall market. A number of companies recorded much bigger increases. (Includes three data tables.)
JPMorgan remained the top bank in earnings from its mortgage banking operations after a sharp increase in the third quarter. Its nearest rivals, U.S. Bank and Wells Fargo, both reported declining income. (Includes data table.)
Non-agency CMBS issuance was up in the third quarter, thanks to a gain in retail-property securitization. But agency multifamily MBS production slumped.
Nearly 90% of loan liquidations in Ginnie MBS resulted from borrower payoffs in the third quarter, with most of them linked to MBS issued in 2020 and 2021.