Single-family mortgage servicing was a healthy, growing market with a variety of business strategies in 4Q19. It may be morphing into something much different during the coronavirus crisis.(Includes two data charts.)
Deliveries of refinance loans into Fannie and Freddie MBS pools fell sharply in February. But record lows in interest rates promise a huge influx of business in coming months. (Includes two data charts.)
Correspondent production across all three major mortgage food groups was up 12.6% from the third to the fourth quarter, while retail rose 5.8% and wholesale-broker managed just a 2.5% gain. (Includes two data charts.)
Although secondary market sales by bank mortgage banking platforms were down 8% in the fourth quarter, it still ranked as one of the busiest periods since early 2013. (Includes two data charts.)
Industry-wide holdings of residential MBS were steady in the fourth quarter, but several REITs shifted their focus to non-agency MBS and other investments. (Includes data chart.)
Foreign investors boosted their holdings of U.S. agency MBS by 13.4% from June 2018 to the middle of last year, with big gains posted by Japan and China. (Includes data chart.)
The outstanding supply of home-equity debt fell close to the $500 billion mark in late 2019, and depository HELOC holdings dropped to $402 billion. (Includes three data charts.)