Fannie's massive CAS deal backed by seasoned HARP loans drove credit-risk note offerings to a record $4.54 billion in the fourth quarter of 2019. (Includes data chart.)

The drop in total CLO production last year resulted from a decline in refi transactions. Issuance of new deals was up 15% from 2018 to 2019. (Includes data chart.)

Big gains by Mr. Cooper and NewRez boosted the combined portfolio of the top five servicers, offsetting further declines at Wells Fargo, Chase and Bank of America. (Includes two data charts.)

Nonbanks are on pace to surpass depository institutions as the largest class of agency servicers sometime early this year. (Includes two data charts.)

Not a good sign: The three banks in the top five shed a combined $38.1 billion during the final three months of the year…

Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender.

Lakeview Loan Servicing capped a years-long ascent up the ranking of Ginnie Mae servicers thanks largely to bulk MSR purchases and acquisitions through co-issuance arrangements. (Includes four data charts.)

The office market, which accounted for 26.2% of nonagency CMBS collateral last year, posted a 44.7% increase from 2018.

While Fannie, Freddie and Ginnie continued to dominate the business of securitizing income-property mortgages, issuance of non-agency CMBS gained ground in 2019 thanks to significant increases in office, industrial and multifamily transactions.

Lenders generated a hefty $2.375 trillion of first-lien home loans last year, the strongest the market’s been since 2006. Volume was up 8% from the third to the fourth quarter, but not all lenders took advantage of the refi wave. (Includes two data charts.)