Even without the bump in seasoned loans (courtesy of BofA), Freddie’s MBS activity was up significantly from January.

Treasury counselor Michael Stegman wants the common securitization platform project to be opened to the private sector.

Quicken Loans was the second largest refi lender in 2014 with $47.91 billion, according to exclusive figures compiled by Inside Mortgage Finance.

Bank of America was among the few major depositories that reported a loss in mortgage-banking income, losing $253 million in the fourth quarter.

For all of 2014, this group of banks and nonbanks earned $14.01 billion off of mortgages, a 39.6 percent drop from the year before.

At Dec. 31, depositories held $964.2 billion of pass-through securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, a gain of 1.3 percent from the third quarter.

However, the broker channel generated $117 billion of new originations, the lowest reading since 1995.

Almost 71 percent of residential loans originated last year were funneled into mortgage securities. In 2013 the securitization rate was 78.5 percent.

Meanwhile, the private MIs reported just $1.24 billion of new HARP business for the fourth quarter.

Freddie Mac actually increased its monthly volume by 7.3 percent from December levels, but Fannie Mae’s production fell 15.6 percent.