The flow of single-family home loans into agency mortgage-backed securities fell sharply in the first quarter of 2019. Fannie Mae, Freddie Mac and Ginnie Mae produced $231.38 billion of new single-family MBS during the first three months of 2019, according to a new Inside Mortgage Finance ranking and analysis.

Depositories accounted for 24.6% of last year’s production, down from 25.4% in 2017.

The broker share of the market increased to 13.2% for all of last year…

The market leaders in rating non-agency MBS and non-mortgage ABS retained their top rankings in 2018. S&P Global was the top rating service in the ABS market, according to a new Inside MBS & ABS market analysis, after rating $142.24 billion of new issuance, an 11.6% percent increase from 2017. [Includes two data charts.]

Nonbanks continued to account for a growing share of new issuance in the agency single-family MBS market last year. [Includes one data chart.]

Mortgage originators licensed by state regulators produced fewer loans in 2018 than they had in the previous year but still took more market share away from depositories. A new Inside Mortgage Finance analysis of call-report data from banks, credit unions and the National Multistate Licensing System found that state-licensed nonbanks accounted for 54.8% of mortgage originations last year. That was up 1.8 percentage points from 2017. [Includes two data charts.]

Home mortgages that fail one of the basic tests to be classified as a qualified mortgage have become an increasingly large part of the agency market over the past few years, a new Inside Mortgage Finance analysis reveals. [Includes one data chart.]

Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…

The FHA and VA loan programs also get special treatment under the ability-to-repay rule…

Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.