Fannie changes bylaws, Phillips staying put...

Nonbank mortgage operations continued their assault on the agency MBS market in 2018, increasing their penetration in both new issuance and servicing. [Includes two data charts.]

Fannie/Freddie’s issuance of credit-risk transfer debt notes hit a record high of $15.19 billion in 2018. [Includes one data chart.]

The complex business of servicing residential mortgages continued to become more concentrated among a diverse group of industry participants in the fourth quarter of 2018. [Includes two data charts.]

Wells Fargo, the nation’s largest home lender and servicer, saw its MSR portfolio shrink by 1.6 percent on a sequential basis…

And although trendlines varied significantly among the top-ranked processors, the overall migration of GSE servicing to nonbanks continued last year.

The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…

The flow of multifamily mortgages into non-agency CMBS actually rose slightly in 2018, including a burst of activity in the fourth quarter.

Loans originated on retail production platforms and sold to Fannie Mae, Freddie Mac and Ginnie Mae during the fourth quarter tended to have stronger credit characteristics than those generated by third-party originators. [Includes two data charts]

Transfers of agency mortgage servicing rights rose to their highest level in at least four years during 2018, although activity cooled in the fourth quarter. [Includes three data charts]