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.
While Fannie and Freddie look to be reclaiming lost investor-property loan business, seller execution tactics haven’t changed much in recent months. Volume fell 14% from October. (Includes two data charts.)
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.