Compared to a year ago, the GSE single-family servicing market grew a whopping 17.7%.

It’s no secret that nonbanks have been gaining market share at the expense of the depository goliaths over the past five years...

As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...

Combined MBS issuance by the three agencies fell $38.26 billion during the second quarter. Sales of California loans to the agencies dropped $36.94 billion from the first quarter.

On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.

At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...

The Ginnie market actually held up fairly well with a slim increase over the first quarter...

“You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.

ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market...

Falling rates? Didn't see that coming...