Nonbanks remained the driving force in first-lien originations, accounting for 68.4% of aggregate production by the top 100 lenders. (Includes two data charts.)
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
While Fannie and Freddie look to be reclaiming lost investor-property loan business, seller execution tactics haven’t changed much in recent months. Volume fell 14% from October. (Includes two data charts.)
There is some evidence that production was less efficient in the third quarter, but profitability was up anyway. Servicing income was clearly stronger. (Includes data chart.)
REITs are generally optimistic about the Federal Reserve's plan to slow its MBS purchases, a number of companies continue to pursue other strategies. (Includes data chart.)
Securitization rates drifted lower in the third quarter in most segments of the mortgage market, and primary-market originations of agency-eligible loans declined. (Includes data chart.)