Mortgage Finance Sector — Banking Strategist (2024)

mortgage finance SECTOR

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STATE OF THE MORTGAGE FINANCE MARKET

Residential Mortgage
Market Size:
S-F Residential
$13.994 trillion
⇧ 2.8% YoY
M-F Residential
$2.199 trillion
⇧ 7.6% YoY


Mortgage Originations: Total Originations
$1.639 trillion LTM
⇩ (27)% YoY
Purchase Originations
$1.325 trillion LTM
⇩ (16)% YoY
Refinance Originations
$0.314 trillion LTM
⇩ (53)% YoY
Mortgage Interest Rates: 6.87%
⇧ 27 bps YoY




Investors in S-F
Mortgage Assets:
Commercial Banks
$5.758 trillion
41% of mortgages
Federal Reserve
$2.432 trillion
17% of mortgages


Secondary Mortgage
Market:
Fannie Mae,
Freddie Mac,
and Ginnie Mae
MBS Outstanding:
$9.830 trillion
⇧ 2.8% YoY
MBS Issuance LTM:
$1.075 trillion
⇩ (35.6)% LTM YoY
Mortgage Loan Quality: Loan delinquencies:
Low
Net charge-offs:
Nominal


SIZE OF THE U.S. RESIDENTIAL MORTGAGE MARKET

Single Family Residential Loan Market

Multi-Family Residential Loan Market

RESIDENTIAL MORTGAGE LOAN ORIGINATION TRENDS

Mortgage Originations - Annual Trends

Mortgage Originations vs 30 yr FRM

Mortgage Interest Rates Since 2000

Change in Mortgage Rates Over Past 5 Years

Spread to USTreasuries Since 2000

Mortgage Rates Since 1976

INVESTORS IN SINGLE FAMILY RESIDENTIAL MORTGAGE ASSETS

Mortgage Assets Held by Investor Type

Mortgage Assets Held by Banks

SECONDARY MORTGAGE MARKET - AGENCY MBS

Total Agency MBS Market

Fannie Mae MBS Market

Freddie Mac MBS Market

Ginnie Mae MBS Market

Agency MBS Market Share

Ginnie Mae Share of Agency MBS Market

FEDERAL RESERVE BANK IMPACT ON THE MBS MARKET

MBS Holdings by Federal Reserve

MBS Purchases by Federal Reserve

OTHER MORTGAGE MARKET STATISTICS

FHA Loan Endorsem*nts

Mortgage Loan Credit Quality

Mortgage Finance Sector — Banking Strategist (2024)
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