Purchase-money mortgages accounted for 82.5% of agency MBS issuance during August, though the refinance share is growing.

Previous industry changes — the Uniform Mortgage Data Program, the single security initiative and the transition away from the London Interbank Offered Rate — took longer than expected to put into place and caught some stakeholders flat-footed.

Mortgage repurchases and other indemnifications by commercial banks and savings institutions in the second quarter were the lowest since before the 2008 financial crisis.

Income from mortgage production increased in the second quarter as servicing income declined.

REITs increased their holdings of agency MBS during the second quarter while reducing investments in non-agency MBS and credit-risk transfer securities.

After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

GSE securitizations by Chase soared during August.

“The potential for growth of the sector is massive,” said Sainadh Polisetty, a senior vice president of investments at One William Street Capital Management.

MFA Financial, Rithm Capital and Annaly Capital Management all started marketing new non-agency or jumbo MBS deals this week.

Analysts predict that a rate cut later this month could be as high as 50 basis points.