Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.

An estimated 64.2% of newly-originated home loans were securitized in the second quarter, down from 67.2% in the first quarter.

The retail channel remained the largest source of nonconforming loans, though the channel’s market share dropped in the first half of 2024.

Fitch Ratings remained the top player for rating non-agency MBS in the second quarter of 2024 but the firm lost some market share.

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.