Bank of America added $9.13 billion to its MBS portfolio, which nearly matched the $9.60 billion increase for the entire industry.

Private MI business fell off 7.6% from the third to the fourth quarter, however, a period when FHA and VA activity continued to climb.

But there were some hiccups in the overall trend. For starters, refi loans originated in the retail channel actually had slightly lower average credit scores than correspondent- and broker-originated refinances…

Still, January production was more than double the volume produced by the two GSEs in the first month of 2019.

Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.