The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.

Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.

Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.

On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.

The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.

CFPB Director Richard Cordray had his turn next: “Prophets of doom have warned of delays in closings and the need for consumers to buy longer rate locks because of their failure, or perhaps refusal, tounderstand the requirements of the three-day waiting period,” he said.

The theme Cressey and other experts repeatedly drove home is that the industry can never get ahead of the threat.

The performance comes at a time when the agency increasingly seems concerned about the capital cushion of certain fast-growing nonbanks.

With a strong fourth quarter, jumbo MBS issuance in 2015 could nudge past the post-crisis high set back in 2013, when $13.12 billion of these deals came to market.

GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...