Nonbanks gained ground on depository institutions among the top 50 participants in the servicing market. Several large banks were content to let their portfolios decline. (Includes two data charts.)
Many of the top Ginnie servicers saw declines in their portfolios during the third quarter. Freedom Mortgage stood out with a 13% gain from the prior period. (Includes four data charts.)
Non-agency CMBS issuance doubled from the second to the third quarter, but production remained well below 2019 levels. Agency multifamily MBS set a record. (Includes data chart.)
Fannie and Freddie reported strong gains in net income during the third quarter, and the ongoing mortgage-market boom pumped up their retained mortgage holdings. (Includes data chart.)
Private MI accounted for over half of the insured purchase loans sold into agency MBS during the third quarter, and the industry's share of insured refi business is up from 2019. (Includes three data charts.)