Yes, expanded-credit mortgage originations fell sharply in the third quarter as nonbank lenders faced parched conditions in the MBS market. But ECM is the only mortgage sector where 2022 volume is running ahead of last year's pace. (Includes data chart.)

Purchase-money mortgages accounted for 79.3% of November issuance...

Ginnie Mae has ranked as the top agency issuer of single-family MBS for three months running, echoing the market of the 1990s. Production levels continued to drop in November, and it’s hard to see when that will change. (Includes two data charts.)

The non-agency jumbo market saw a sharp 32% drop in originations during the third quarter, while agency securitization of high-balance loans was off 15% over the same period. (Includes three data charts.)

Fitch Ratings was the only one of the five major services to see its quarterly ABS ratings volume go up...

Annaly's Ken Adler noted that the mortgage business is in largely unchartered territory...

Three of the 22 companies reported net losses on production...

Annaly remained the top REIT MBS holder with $81.88 billion at Sept. 30...

“Now delinquencies are low,” said one executive, “but we think that in about two years it will be different.”

Servicing became less profitable for many lenders in the third quarter, and it was pressed to cover further deterioration in loan originations and secondary market. (Includes data chart.)