Year-to-date issuance climbed to $2.468 trillion at the end of October and should top $3 trillion based on the current pace. As of this writing, there appears to be plenty of gas still left in the tank.
Issuance of single-family agency MBS is on track to top $3 trillion this year, with Fannie and Freddie doing most of the heavy lifting. (Includes two data charts.)
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.)