2022 smashed records for MSR transfers, especially in the bulk market, but cooled in recent months. Still, experts see a rebound when the market gets a better handle on the Fed's future steps.
Lenders cut back on jumbo originations in the third quarter, and they kept most of what they produced. The result: a 73% nosedive in prime RMBS issuance from the second quarter. (Includes three data charts.)
Credit Suisse has a tentative deal to turn over its Securitized Products Group to an investor group led by Apollo Global Management. The deal could include Select Portfolio Services, one of the top nonprime servicers in the industry. (Includes data chart.)
Securitization of office-property mortgages fell to its lowest level in 10 years, while retail and lodging also saw big declines in the third quarter. Agency multifamily MBS issuance held up better, paced by a modest gain in Freddie production. (Includes two data charts.)
Despite significant erosion in conventional-conforming and jumbo lending in the third quarter, a few shops managed to boost originations. FHA/VA lending was relatively safer. (Includes two data charts.)