The correspondent channel gained share in the conventional-conforming market during the third quarter of 2024.

The correspondent channel’s share of originations increased for both conventional-conforming loans and nonconforming mortgages in the third quarter, according to a survey of lenders. Meanwhile, brokers gained share in the government-insured market. (Includes two data tables.)

Ginnie Mae servicing outstanding increased by 1.8% during the third quarter.

The Congressional Budget Office looked at eliminating the high-cost loan limit or extending an add-on to the guarantee fee charged by the GSEs.

Sales of mortgages by banks increased by 20.5% in the third quarter even as the top bank reduced its sales. Eight of the 10 top banks boosted their sales from the second quarter. (Includes two data tables.)

Four non-agency mortgage-backed securities started marketing Thursday, including three expanded-credit MBS.

Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.

A AAA-rated tranche of a commercial MBS issued after 2010 suffered losses recently, a first for the market. The Financial Stability Oversight Council said such losses are not likely to be widespread.

A loan for the Fontainebleau Miami Beach Resort will back a $975.0 million commercial MBS. The venue hosts the ABS East conference and is adding to its convention space.

Associated Banc-Corp will take a loss in the fourth quarter; Chase packages seasoned jumbos in non-agency MBS; Octane Lending expands ABS issuance; another whole-business ABS from Jersey Mike’s.