Fannie Mae, Freddie Mac and Ginnie Mae issued $107.19 billion of single-family MBS last month, a 5.6 percent decline from September’s volume.

The only way the baseline conforming loan limit would be raised for 2016 is if the HPI jumps nearly 10 points...

The top five servicers still accounted for over half (53.3 percent) of the total for the top 50 servicers, but that was down from 57.0 percent a year ago.

Some 35 percent of the U.S. population has a credit score below 650, said Matt Nichols, CEO of Deephaven Mortgage.

Agency multifamily MBS issuance dropped more steeply, by 19.7 percent, but that was from the record $30.91 billion issued during the second quarter of this year.

During the third quarter, the top 25 lenders accounted for 58.3 percent of total originations.

The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.

Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.

Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.

On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.