Issuance of new securities backed by commercial mortgages fell 4.9 percent from the second to the third quarter of 2018, according to a new Inside MBS & ABS market analysis. [Includes one data chart.]

Loans from California account for the largest chunk of receivables at 18.3 percent...

But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...

Nonbanks continued to gain ground in the GSE servicing market during the third quarter of 2018 as a number of mid-size firms posted big gains in their portfolios. [Includes two data charts.]

Transfers of agency mortgage servicing rights jumped significantly in the third quarter thanks largely to Citizens Bank’s acquisition of Franklin American Mortgage, according to a new Inside Mortgage Trends analysis. A total of $179.13 billion of MSR tied to Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities changed ownership during the third quarter, a hefty 38.3 percent jump from the prior period. Most of the activity was in bulk servicing ... [Includes three data charts]

The New York-based real estate investment trust has been on an MSR acquisition tear the past three years...

Computershare Loan Services has a message for the residential finance sector: If you’re looking to sell mortgage servicing rights, CLS wants to talk to you.

HUD Secretary Ben Carson had some sobering thoughts about low interest rates...

A growing concern that foreign investors might avoid Ginnie MBS?

No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…