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.)
All three agencies saw new MBS issuance slow in November, though Ginnie held up slightly better. Both purchase-mortgage and refinance activity were down. (Includes two data charts.)
Most top lenders reported rising purchase-mortgage business and declining refinance activity in the third quarter. Private MIs lost a little ground in the first-time buyer market. (Includes five data charts.)
The banking industry grew its servicing-for-others accounts in the third quarter of 2021. Chase, Truist and Fifth Third accounted for a significant share of the industry's gain.
Mortgage banking income appeared to benefit from both rising gains on sale and stronger net servicing income. The top three banks reported lower earnings from mortgage banking.