Volume was up more in correspondent and wholesale-broker platforms, but retail continued to account for just over half of government-insured lending in the third quarter.
Correspondents increased their share in the conventional-conforming and government markets, as did wholesale-broker platforms. But TPO production was nearly shut out of the jumbo market. (Includes two data charts.)
Retail originations by banks' mortgage banking operations rose to the highest level in seven years but they understate total lending by the industry. (Includes two data charts.)
Nonbank sellers accounted for 63.9% of single-family mortgages pooled in Fannie and Freddie MBS during the first 11 months of 2020, raising their share of the GSE market by nearly 10 percentage points. (Includes two data charts.)
Commercial banks, savings institutions, credit unions and the Federal Reserve continued to buy agency MBS during the third quarter. Fannie and Freddie drove a 2.2% increase in residential MBS outstanding. (Includes two data charts.)
Fannie Mae, Freddie Mac and Ginnie Mae reported improvement in loan-performance rates in November. But early-payment defaults were up. (Includes data chart.)
New funding of home-equity loans rose in the third quarter as borrowers tapped into existing accounts, but banks generally shrank from writing new HELOC commitments. (Includes three data charts.)