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.)
The second and third quarters rank among the most profitable for the sector, though merger activity and changing mortgage strategies can make comparisons to prior periods tricky...
Four of the top five players in Fannie/Freddie servicing recorded declines in their portfolio during the third quarter, while small and mid-sized shops gained ground. (Includes two data charts.)
The strongest pulse in the secondary market for MSR was in coissuance transactions involving Fannie and Freddie servicing rights. Bulk deals continue to struggle. (Includes three data charts.)
Wells Fargo's huge increase in mortgage-banking income accounted for nearly all the gain reported by 19 publicly traded banks. Still, the second and third quarters of 2020 were incredibly lucrative for mortgage banking platforms. (Includes data chart.)
Auto-loan securitization remained the biggest ABS sector, but business-finance deals recorded the biggest third-quarter increase. Delta’s air-mile deal set the pace. (Includes two data charts.)
The year 2020 is on the edge of greatness as third-quarter mortgage originations climbed to $1.14 trillion, just shy of the all-time record set 17 years ago. (Includes two data charts.)