FHA servicing volume increased by 2.5% on a quarterly basis, hitting $1.39 trillion at the end of the fourth quarter of 2024.

Ginnie servicing portfolios expanded modestly in the fourth quarter as VA outstandings broke through the $1 trillion level. Delinquencies continued to rise to levels not seen since the pandemic. (Includes four data tables.)

Correspondents gained 294 basis points of share in the third quarter, taking from both retail and brokers.

While retail continued to be the top channel in securitizations of conforming loans, correspondents gained 294 basis points of market share in the third quarter.

The retail channel boosted its share of conventional-conforming lending by 308 basis points to 43.2% in the second quarter of 2024.

The retail share of conventional-conforming production rose by more than three percentage points while government and nonconforming lenders turned toward correspondents. (Includes two data tables.)

Retail lenders and brokers boosted their respective market shares in government-insured mortgage production during the first quarter of the year though correspondents still were the dominant channel. (Includes data table.)

The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.

Agency securitizations of correspondent loans were sharply down in the first quarter of 2024 as volume dropped across the board. Refinances made a surprising surge, while credit quality remained unchanged. (Includes two data tables.)

Banks' income from mortgage banking operations declined by 24.6% in the fourth quarter.