The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.
The fastest growing group of Fannie/Freddie servicers in the third quarter was small and mid-sized mortgage companies, but that's largely because NewRez is not a top-tier originator. (Includes two data charts.)
Falling interest rates and surging originations were poor conditions for bulk MSR sales in 3Q19, but coissuance activity was up sharply from the previous period. (Includes three data charts.)
A smaller share of new Fannie Mae/Freddie Mac purchase business were recorded in the highest risk category. In the third quarter, most GSE loan acquisitions had credit scores of 740 and up. (Includes two data charts.)
Issuance of vehicle-finance and business-loan ABS fell substantially in the third quarter, leaving total production roughly even with the first nine months of 2018. (Includes three data charts.)
The nonbank share of agency servicing edged up to 47.2% at the end of September thanks to a 3.0% increase in volume. Meanwhile, banks reduced their agency servicing slightly. (Includes two data charts.)