The spec-pool share of new GSE MBS issuance hit 47.3% in the third quarter.

The biggest bulk transfer in 3Q25: Lakeview Loan Servicing’s purchase of $28.56 billion of MSR from UWM...

Some 36% of the third quarter’s $140.5 billion of bulk MSR transactions came from two big acquisitions by Lakeview Loan Servicing and Freedom Mortgage. UWM and AmeriHome were the respective sellers.

CLO reset transaction volume more than doubled from the second quarter to the third to account for 62% of total CLO issuance. New CLO issuance was running about 11% ahead of the pace set in the first nine months of 2024.

Issuance of specified-pool MBS in the third quarter was up 21.5% at Freddie Mac. The biggest increase was in pools of loans on New York properties.

The amount of agency servicing with coupons over 6.0% increased by 10.2% during the third quarter.

The securitization of vehicle loans and financing for a range of businesses powered an all-time record of $107.7 billion of ABS issuance during the third quarter. Carmakers dominated the issuer ranking. (Includes three data tables.)

There was nearly $2 trillion in agency mortgage servicing with coupons over 6% at the end of the third quarter, a bounty of refinance business if mortgage interest rates decline. (Includes two data tables.)

Rocket was the top issuer of HEL deals in the third quarter, increasing its issuance 27.8% from the second quarter.

Purchase-mortgage securitizations held agency acquisitions afloat in the third quarter.