Agency single-family MBS issuance fell 7.3% from June to July, including a disappointing slowdown in the flow of purchase-money loans. Issuance of GSE Supers fell sharply as neither Fannie nor Freddie issued any commingled deals. (Includes two data charts.)
The top five servicers saw almost no growth in their combined owned servicing during the second quarter. But a number of companies in lower tiers posted big gains. (Includes three data charts.)
A sharp decline in restructuring of existing CLO deals overshadowed a substantial increase in new BSL securitization during the second quarter of 2022. (Includes two data charts.)
First-lien originations fell 10% from the first to the second quarter, but a number of lenders — especially those that focus on purchase-lending and non-agency products — outperformed their peers. (Includes two data charts.)
A slump in equipment-finance and other business-related securitizations largely offset rising issuance volume in other sectors of the ABS market during the second quarter of 2022. (Includes two data charts.)
The FHA program and private MIs accounted for slightly larger shares of insured loans securitized in the second quarter. The volume of insured loans delivered to Fannie, Freddie and Ginnie was down 8%, compared to a 39% nosedive in uninsured loans. (Includes three data charts.)