In 1Q20, REITs – slammed by margin calls – shed $120.21 billion of securitized product from their portfolios. At the midway point in 2020, the industry’s MBS holdings remained far below the fourth quarter.

Agency data suggest the purchase market started to recover a bit in the third quarter. (Includes four data charts.)

The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.

The top three sellers to Fannie and Freddie in August: Quicken Loans, Wells Fargo and United Wholesale Mortgage.

MSR values sank over 34% during the first seven months of 2020, according to a July update from Mike Carnes, managing director of MSR valuations at MIAC Analytics.