Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.
Independent mortgage bankers accounted for a stunning 70% of single-family loans securitized by Fannie and Freddie during the fourth quarter. In a record-smashing year for both GSEs, Freddie boosted its share of the market. (Includes two data charts.)
Private mortgage insurance provided most of the coverage for purchase loans securitized in the fourth quarter, while VA was the top guarantor of agency refi loans. (Includes data chart.)
With consumer demand peaking at historic levels in the fourth quarter, the share of higher-risk loans sold to Fannie and Freddie continued to decline. (Includes two data charts.)
Thanks to heavy consumer refi demand, the support of the Fed and muscular production by nonbanks, the agency single-family market pushed overall MBS/ABS issuance to record levels in 2020. (Includes three data charts.)
Fannie and Freddie led the surge to a record $3.15 trillion of agency MBS issuance in 2020. The agency market saw huge shifts in seller demographics. (Includes two data charts.)