JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.

A group of 16 mortgage REITs held $196.29 billion of residential MBS on their books at the end of September.

Much of the decline was the result of a change in how Freddie Mac classifies loans subject to a repurchase claim for which the seller has provided a remedy.

Another positive sign: Usage rates remain in the 50% to 60% range.

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

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

Holdings increased by 1.5% on an annual basis as of the end of September.

Issuance increased by 10.9% on a quarterly basis, well below the increases seen in recent quarters.

Select Portfolio Servicing remained the largest nonprime servicer at the end of the third quarter.

Among the top 20 Ginnie issuers in November there were just two federally insured depositories: U.S. Bank and Navy Federal.