PennyMac Financial had the biggest correspondent platform in the FHA/VA market at the end of the third quarter, but a handful of competitors were gaining ground. (Includes data chart.)
Commercial banks, thrifts and credit unions all beefed up their MBS holdings during the third quarter of 2021 despite the Federal Reserve's ongoing buying spree. (Includes two data charts.)
Banks, thrifts and credit unions reported a modest increase in the untapped HELOC commitments in the third quarter, but homeowners continued to sit on a mountain of untapped equity. (Includes three data charts.)
Nonbanks remained the driving force in first-lien originations, accounting for 68.4% of aggregate production by the top 100 lenders. (Includes two data charts.)
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.