Production was down for both purchase and refinance loans.

According to interviews with warehouse executives and consultants, business remains healthy for the most part but borrowing clients are beginning to reduce their line sizes as retail applications creep downward...

The most prominent participants in the EC market are nonbanks. However, the top two lenders in the second quarter were depository institutions.

It doesn’t happen often, but Freddie ranked as the top agency MBS issuer last month...

One given: Profit margins (gain-on-sale) are still coming under pressure compared to the first quarter as well as last year. But as most everyone readily acknowledges, 2020 was a profit aberration...

Data from agency MBS issued in the second quarter suggest that first-time buyers accounted for just over half of the purchase loans sold to Fannie Mae, Freddie Mac and Ginnie Mae during that period.

Fannie’s findings are based on intelligence from 211 senior executives at 192 shops. Roughly 50 of those lenders are considered "larger," which means they funded $2.25 billion or more in the last full calendar year...

However, year-to-date mortgage banking income was up 46.0% from the first six months of 2020.

And while repurchase activity still represents a small portion of Fannie and Freddie business, 2021 is shaping up as the biggest year for seller buybacks since 2014.

MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...