Purchase mortgages and refis increased across the board in the agency MBS market in the third quarter, with the strongest growth seen in refis that carried primary mortgage insurance. (Includes three data tables.)

Many large banks increased mortgage production in the third quarter. Though at some banks, revenue and margins came down.

The refi boom fizzled in recent weeks as mortgage rates increased. Now it’s a waiting game for lenders and borrowers, with rates expected to go down, eventually.

TD Bank plans to sell some of its jumbo mortgages and a correspondent business to free up asset space under a new cap set by the OCC. Wells Fargo, meanwhile, appears to be nearing a release from its cap.

Fannie economists project that purchase-mortgage originations will increase by 15.4% on an annual basis in 2025.

It’s not clear what secondary market execution UWM will employ nor whether UWM will use lender-paid MI.

Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

US Bank posted the biggest increase in production among the large banks that have reported third-quarter earnings thus far.

Applications for refis declined by 26% last week.

BofA’s mortgage originations are more heavily weighted toward jumbos compared with other large banks.