Only 23 lenders completed IRRRL endorsements in the final three months of 2022.

Only 23 lenders made streamlined VA refinance loans during the fourth quarter of 2022 as high interest rates have made the program nearly useless for veterans.

Despite a surge in middle-market CLO issuance in the fourth quarter, total production of structured credit deals drifted lower in late 2022. Blackstone was the most active sponsor, while JPMorgan led in CLO underwriting. (Includes two data charts.)

Primary-market originations of first-lien home loans fell to $335 billion in the final three months of last year — the lowest output since the second quarter of 2014. All major lenders saw volume decline. (Includes two data charts.)

Speaking of unicorns, there was just one lender in the rankings that showed a sequential production gain from 3Q22 to 4Q22.

For all of 2022, UWM transferred $98.8 billion of bulk MSRs, more than any other nonbank.

The star of the show was the bulk market, where $920.9 billion of agency MSRs transferred...

Conditions are improving, according to analysts at BofA Securities, citing lower rate volatility...

More than $1 trillion of agency servicing rights changed hands in 2022. While bulk MSR transfers soared last year, the coissuance market was hammered by the sharp decline in agency business. (Includes three data charts.)

The key vehicle ABS sector took a big hit in the fourth quarter but still accounted for over 40% of total ABS issuance last year. Analysts say market fundamentals are moving in the right direction. (Includes two data charts.)