There is some evidence that production was less efficient in the third quarter, but profitability was up anyway. Servicing income was clearly stronger. (Includes data chart.)
REITs are generally optimistic about the Federal Reserve's plan to slow its MBS purchases, a number of companies continue to pursue other strategies. (Includes data chart.)
Securitization rates drifted lower in the third quarter in most segments of the mortgage market, and primary-market originations of agency-eligible loans declined. (Includes data chart.)
Non-agency jumbo lending has been booming in 2021, but the $647,200 question is how big an impact new agency loan limits will have on the market. (Includes three data charts.)
In 3Q21, Fannie, Freddie and Ginnie securitized $77.94 billion of agency-jumbo loans made to borrowers in high-cost markets, a 3.9% decline from the previous period.
Freedom Mortgage, Lakeview Loan Servicing and several other top Ginnie issuers managed to boost production in November, but the overall market was down 3% from October. (Includes two data charts.)