Nonbanks still accounted for 66% of first-lien mortgage production by the top 100 lenders in the first quarter, but depository institutions in the group managed to up their share slightly. (Includes two data charts.)
Fannie and Freddie reported $1.01 billion in seller repurchases during the first quarter of 2022, the highest quarterly volume in nearly eight years. (Includes three data charts.)
While the market value of residential MBS fell in the first quarter, the volume of outstanding securities continued to grow. (Includes two data charts.)
Nonbanks increased their share of the mortgage servicing market by nearly 5% in the first quarter, while a one-time reporting change lowered credit union portfolio holdings. (Includes three data charts.)
Moody’s increased its ratings of newly issued ABS by 36% during the first quarter, a period when total rated issuance was up 8%. Kroll remained the top rating service in non-agency MBS. (Includes two data charts.)
The non-agency jumbo market held up better than high-balance agency production in the first quarter. New GSE pricing is depressing conforming-jumbo sales in the second quarter. (Includes three data charts.)