The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.
MSR values sank over 34% during the first seven months of 2020, according to a July update from Mike Carnes, managing director of MSR valuations at MIAC Analytics.
Fannie Mae and Freddie Mac issued a record $249 billion of single-family MBS in August while continuing to grow their share of the mortgage market. (Includes two data charts.)
Mortgage bankers posted huge profits from their loan origination and secondary marketing activities during the second quarter of 2020. Servicing, not so much. (Includes data chart.)
The banking industry's aggregate portfolio of servicing for others was down slightly in the second quarter, although the top five players shed a combined $100 billion. (Includes data chart.)
Ginnie Mae regained some share in the agency MBS market in August, as did purchase mortgages. The top 100 sellers saw a small increase in their share of new issuance, but the market remained fragmented. (Includes two data charts.)