January 2014 marked the fourth month in a row where combined agency securitization included more purchase-money mortgages than refinances, according to Inside MBS & ABS.

According to Inside Mortgage Finance, one thing is clear: the commercial banking industry is continuing to shed MSRs, at least in aggregate.

Inside Mortgage Finance makes it official: residential originations tanked in the fourth quarter, but certain nonbanks gained at the expense of the largest players.

Through the first nine months of 2013, commercial banks sold $1.077 trillion of home mortgages, according to call-report data compiled by Inside Mortgage Trends.

In fact, 10 of the 17 banks tracked by Inside Mortgage Trends posted increased mortgage-banking income during the final three months of 2013, and all of them reported a positive showing.

The market produced $4.94 billion of new non-agency MBS during the fourth quarter, according to a new Inside MBS & ABS analysis and ranking, the weakest output of the year.

A key factor in the upswing in private MI share of Fannie/Freddie business was the relatively steadier volume in purchase-mortgage securitization compared to refinance loans.

Refinance mortgages accounted for 80.1 percent of agency production back in 2012, but that declined to 65.6 percent last year and just 45.3 percent of fourth-quarter business.

The megabanks no longer have a total "lock" on the MBS issuance market. But is this trend short-lived?

When it comes to doing business with Fannie Mae, Wells Fargo's volume is almost three-times that of its closest competitor, Chase Home Finance, IMF found.