A number of large banks have significantly scaled back their use of FHLBank advances, which is having an impact on the system’s income. In addition to rising voluntary investment in housing, the FHLBanks have boosted their single-family mortgage portfolios. (Includes three data tables.)

With originations and loan sales rising across the industry in the third quarter, most companies booked income gains from those activities. Servicing, however, was a different matter. (Includes data tables.)

New ABS issuance is about to set a new annual record in 2024, but banks remain largely disinterested in the sector. (Includes two data tables.)

With record levels of new CLO coming to market over the past six months, commercial banks have stayed on the sidelines, allowing their CLO portfolios to slowly decline. (Includes data table.)

The largest bank holder of agency MBS at Sept. 30? That would be Bank of America at $422.1 billion.

Most of the banking industry’s biggest players in residential MBS reported substantial increases in the value of their holdings in the third quarter. (Includes two data tables.)

Portfolio management of the Federal Reserve’s agency MBS holdings accounted for much of the Fannie/Freddie Supers issuance in the third quarter. (Includes two data tables.)

Most of the damage came at Rocket Mortgage and Rithm/Newrez, which took hits on the asset value of their MSRs.

Nonbanks reported a massive $1.38 million decline in mortgage-banking income during the third quarter. Most of that was because of accounting issues related to servicing.

Government mortgage insurance programs captured most of the primary MI gain in the third quarter.