About 87% of buyback activity in the third quarter was related to loans sold to Fannie and Freddie in 2018 and the first half of 2019. (Includes data chart.)
Freddie repurchase activity continued to be disproportionately high in the third quarter, though GSE buybacks and the pipeline of unresolved cases fell slightly. (Includes two data charts.)
JPMorgan Chase and Wells Fargo, which account for over 40% of the industry mortgage banking income, reported sharply different results in their third quarter call reports. (Includes data chart.)
TD Bank, State Street, Northern Trust and several other banks bucked the trend and increased their ABS investment during the third quarter. But the industry's total holdings fell 1.5% from June. (Includes two data charts.)
Wholesale-broker volume in the third quarter hit its highest level since early 2008 but lost market share with a relatively modest 16.7% increase from the previous period. (Includes six data charts.)
Industry MBS holdings rose 3.6% to $1.98 trillion as of the end of September, with most of the gains coming in agency pass-throughs. Wells, Chase, BB&T and Citi all posted big gains, BofA not so much. (Includes two data charts.)
The conforming-jumbo business was booming in the third quarter, especially at Fannie and the VA. Meanwhile, the FHFA likely will boost the conforming loan limit to over $500,000 for 2020. (Includes three data charts.)