The industry wasn’t exactly partying like it was 2020, but last year was a hard act to follow.

Freddie has seen a big shift in how lenders sell loans, with the share of cash sales dropping sharply in 2021 while swaps have gained favor. The same thing happened at Fannie, though not as dramatically. (Includes two data charts.)

Most nonbanks reported significantly higher earnings from mortgage banking during the third quarter as gain-on-sale margins improved and MSR write-downs were less severe. (Includes data chart.)

Deliveries of retail-originated loans to agency MBS fell 16.3% in the third quarter, while wholesale-broker volume was down 9.2%. (Includes two data charts.)

While non-agency CMBS and agency multifamily issuance both declined from the second to the third quarter, year-to-date issuance continued to run significantly higher than during the first nine months of 2020. (Includes two data charts.)

New primary MI on purchase-money mortgages was up from the second quarter. Private MIs reported a 4.2% increase to $134.22 billion...

Private mortgage insurers, the VA and the FHA all saw declining refinance business in the third quarter, while purchase-mortgage business was up overall. (Includes three data charts.)

Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.

The flow of purchase-money and refinance loans into Ginnie Mae MBS slowed in October, but deliveries of modified loans were up. PennyMac remained the top issuer for the month. (Includes two data charts.)

Fannie was the only agency to boost volume last month as new issuance rose 2.1%.