Issuance of agency mortgage-backed securities increased by 4.6% on a monthly basis to $115.92 billion in August.

The retail channel accounted for 53.7% of originations in the second quarter.

Repurchases increased by 16.5% from the first quarter.

PNC Bank, now the top FHLBank borrower, ended the second quarter with $40.42 billion in outstanding advances, more than doubling its total from the end of March.

Among the 333 banks and thrifts that report mortgage-banking income on call reports, income declined by 6.1% on an annual basis in the first half of 2026.

Some of the largest bank investors in MBS reduced their holdings of agency MBS during the second quarter.

Jumbo servicing declined during the second quarter at Bank of America, Chase and Wells Fargo.

Purchase-mortgage business is running ahead of the levels seen in the first half of 2025.

Freddie Supers issuance was up 52.7% from the first quarter to $83.03 billion, while Fannie recorded a 0.3% increase.