FDIC call-report data show mortgage banking income at banks and thrifts declined by a quarter sequentially, although full-year profits dropped by just 4%. Chase was easily the most profitable bank in the mortgage sector. (Includes data table.)

The correspondent channel accounted for 37.0% of agency deliveries in the fourth quarter, up from a 34.6% share the previous quarter.

Agency deliveries fell 16.1% in the fourth quarter of last year as retail lost ground to correspondents. Average loans sizes decreased and there was no significant change in loan quality. (Includes two data tables.)

Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.

The volume of loans with an LTV of 81% or above dropped by 18.5%.

Consumer complaints filed with the CFPB regarding mortgages dropped 2.4% in 2023 amid a 40.6% fall in originations. Servicers were the main target of borrower ire. (Includes two data tables.)

Loans delivered to Fannie Mae and Freddie Mac in the fourth quarter of 2023 move towards lower LTV ratios and higher FICO scores as volume plummets. (Includes two data tables.)

Servicing for others by banks and thrifts was nearly unchanged in the third quarter at $3.14 trillion as MSR fair values rose to a historic high of 1.65% of the underlying servicing volume. (Includes data table.)

The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.

Retail loans gained market share in third-quarter agency securitizations as the refinancing segment crumbled further. Credit quality remained good, and the rising loan sizes have stabilized. (Includes two data tables.)