In the first nine months of 2021, GSE sellers have repurchased $2.1 billion of defective loans from Fannie Mae and Freddie Mac, more than in any year since 2014. Soaring new MBS issuance is the reason.

Retail lending by depository institutions' mortgage-banking operations fell in the third quarter, but a major acquisition by one bank pushed other indicators higher.

Detailed survey data show mortgage lenders leaned more heavily on wholesale-broker and correspondent production in the third quarter of 2021, particularly in the red-hot jumbo market.

New rated issuance of ABS rose 10.2% from the second to third quarter, though only Fitch and Kroll upped their activity. (Includes two data charts.)

Most of the growth in the single-family servicing market during the third quarter came from agency secondary market operations, with nonbanks playing a big role. (Includes two data charts.)

Correspondent, however, is below its former glories in the government-insured market...

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.)

Although the central bank this week announced new plans to scale back growth in its holdings, it added $175.27 billion in 3Q21...

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.)

Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.