Fifteen banks tracked by Inside Mortgage Trends said their mortgage-banking income declined from the second to the third quarter.

JPMorgan Chase reported a $44 million increase in mortgage-banking income during the third quarter of 2024. Twenty-five other publicly traded banks boosted their combined mortgage banking earnings by $13 million. (Includes data table.)

Multifamily finance was one of the stars of the CMBS market in the third quarter, with securitization up 75% in the non-agency market and agency production rising 38%. (Includes two data tables.)

A whopping $91.6 billion of existing CLO deals were reset and refinanced during the third quarter, lifting year-to-date volume to $184.8 billion. While issuance of new CLO deals is also up strongly from 2023, third-quarter volume was down.

One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...

Bulk sales of agency mortgage servicing rights shifted to prepayment-protected coupons of 4% or less, while transfers of refinance-rich MSR slowed. (Includes three data tables.)

The key vehicle ABS sector slowed in the third quarter and business-finance securitization stalled. But issuance in the first nine months of 2024 was up 22.9% from last year. (Includes three data tables.)

Some $93.98 billion of non-agency MBS was issued year-to-date through September, putting the market on track for its best year since 2021.

Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.

Non-agency MBS issuance was up in the third quarter thanks to strong gains in prime and expanded-credit MBS. Home equity and short-term business-purpose loan deals also gained momentum. (Includes three data tables.)