Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...

In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.

The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.

On the supply side, there were $5.63 trillion of single-family MBS guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae outstanding at the end of September.

Lenders funded an estimated $20 billion of new home-equity lines of credit during the third quarter, a 17.6 percent gain from 2Q, according to IMF.

More than half of Fannie’s MBS flow in November came from refinance loans, the first time since March that purchase mortgages accounted for less than half of its business.

As of September 30, banks and thrifts held $15.50 billion in repurchase reserves, most of it tied to Fannie/Freddie loans.

Bank and thrift MSR holdings peaked at $5.977 trillion back at the end of 2009.

The key factor is that some mortgage originators, the megabanks especially, are keeping conventional loans in portfolio that might otherwise be securitized by Fannie and Freddie.

According to Inside Mortgage Finance, among the top 15 jumbo originators eight are nonbanks.