Moody’s Investors Service posted a hefty 47.7% increase in non-agency MBS ratings to $20.87 billion, tops in the market for the third quarter.

Meanwhile, wholesale lending posted a hefty 46.4% increase in the jumbo market, though it still accounted for just 9.2% of that segment...

As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.

In the first nine months of 2021, GSE sellers have repurchased $2.1 billion of defective loans from Fannie Mae and Freddie Mac, more than in any year since 2014. Soaring new MBS issuance is the reason.

Retail lending by depository institutions' mortgage-banking operations fell in the third quarter, but a major acquisition by one bank pushed other indicators higher.

Detailed survey data show mortgage lenders leaned more heavily on wholesale-broker and correspondent production in the third quarter of 2021, particularly in the red-hot jumbo market.

New rated issuance of ABS rose 10.2% from the second to third quarter, though only Fitch and Kroll upped their activity. (Includes two data charts.)

Most of the growth in the single-family servicing market during the third quarter came from agency secondary market operations, with nonbanks playing a big role. (Includes two data charts.)

Correspondent, however, is below its former glories in the government-insured market...

PennyMac Financial had the biggest correspondent platform in the FHA/VA market at the end of the third quarter, but a handful of competitors were gaining ground. (Includes data chart.)