Most of the share lost by the correspondent channel was picked up by the broker channel.

In some cases, CEO pay was cut in half at mid-sized nonbanks.

Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.

All banks among the top 100 lenders reported an increase in retail mortgage originations in the second quarter.

Ginnie Mae posted a 1.8% increase to finish the second quarter with $2.445 trillion in single-family MBS outstanding.

Among the top five subservicing vendors in the second quarter, volume changes compared with the end of March ranged from a 6.3% decline at Cenlar to a 4.8% increase at Mr. Cooper.

The retail channel boosted its share of conventional-conforming lending by 308 basis points to 43.2% in the second quarter of 2024.

At the end of June 2024, the GSEs accounted for 47.6% of servicing outstanding.

All the top bank ABS investors reported reductions in their portfolios during the second quarter.

Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.