Despite plunging volume in rated MBS and ABS during the second quarter, some ratings services managed to increase market share. (Includes two data charts.)
Fannie and Freddie recorded a huge increase in single-family MBS during the second quarter, capturing a huge share of the growing conventional-conforming loan market. (Includes data chart.)
Fannie and Freddie accounted for most of the growth in the supply of single-family mortgage debt outstanding, offsetting declines in the Ginnie and non-agency sectors. (Includes two data charts.)
The April-June cycle marked the first time since the end of 2016 that bank retail lending exceeded wholesale production. Then again, in the call-report world, wholesale includes both loan purchases through correspondent operations and originations involving mortgage brokers.
The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.
The avalanche of increased GSE single-family business didn't land equally on all categories of sellers. Nonbanks saw a huge gain in market share, while correspondent platforms and coissuance declined. (Includes two data charts.)
Retail lending reigned supreme in the second quarter as lenders facing an onslaught of consumer demand focused on the most efficient and profitable production strategy. (Includes two data charts.)