Lakeview Loan Servicing has been the most active buyer of Ginnie Mae servicing rights since the beginning of 2022, dominating both the bulk and coissuance markets. (Includes two data tables.)

With total first-lien originations sinking 3.8%, the agency share of the market rose to 85.7%, its highest level since early 2021.

GSE pass-through holdings took a big hit in the third quarter, accounting for most of the top banks' decline in MBS investment. But bank trading accounts saw a sizable increase. (Includes two data tables.)

Originations of jumbo and expanded-credit mortgages fell 7% from the second to the third quarter, more than double the rate of decline in agency production. (Includes two data tables.)

While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.

Most nonbank mortgage lenders saw solid earnings gains from the second to the third quarter, although a few still struggled. Homebuilder affiliates as a group were more profitable in the first nine months of 2023 than they were last year. (Includes data table.)

Private mortgage insurers' share of primary mortgage insurance activity has dropped to its lowest level since early 2021.

In addition to a significant increase in CLO refinancing and restructuring, issuance of new CRE deals was up smartly in the third quarter. (Includes two data tables.)

The private MIs lost some market share to FHA and VA during the third quarter, but industry recorded a slight earnings boost. The inventory of PMI loans in default was up, as were claims paid. (Includes four data tables.)

In October, the top five volume leaders in agency MBS issuance were all nonbanks, led by PennyMac Financial...