The commercial-banking sector isn’t running away from the mortgage-servicing business the way it did a few years ago, but aggregate figures show the industry continues to favor whole loans over mortgage servicing rights.

Issuers pooled $19.63 billion of FHA and VA refi loans during the third quarter, down 11.6 percent from the previous period…

Purchase mortgages accounted for 71.4 percent of third-quarter GSE business…

The major driver was a 16.8 percent jump in Fannie Mae issuance…

As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017.

Banks valued these servicing rights at $46.4 billion, $5.6 billion more than in March…

The bank retreat from agency MBS servicing is mostly taking place at the top…

However, some large commercial banks are willing to remain in the market through correspondent arrangements…

More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…