A few top lenders managed to gain share in primary market originations of agency-eligible loans during the fourth quarter. But product totals were down across the board. (Includes two data tables.)
Securitization of retail-property loans and hotel mortgages saw volume gains in the fourth quarter, but non-agency CMBS issuance was down 46.3% in 2023. Agency multifamily MBS held up slightly better, recording a 38.0% decline from 2022. (Includes two data tables.)
Most of the companies that grew their owned servicing significantly in 2023 tapped a vibrant secondary market in bulk agency MSR. (Includes three data tables.)
CLO issuance is expected to go up in 2024, although securitization of commercial real estate faces persistent problems in the underlying market. (Includes two data tables.)
Most categories of loan withdrawals from Ginnie MBS pools saw declining activity in the fourth quarter. But repurchases of delinquent loans, especially FHA, were up. (Includes two data tables.)
Very few lenders managed to increase loan production in the fourth quarter, while quite a few saw declines of 20% or more. First-lien mortgage originations in 2023 marked the lowest annual output since 2014. (Includes two data tables.)