Some $77.98 billion of purchase mortgages without MI were included in agency MBS issued in the second quarter, a 35.1% increase compared with the first quarter.

The top five GSE sellers saw their market share jump from 33.5% in the first quarter to 36.7% in the second.

The share of loans with a credit score of 740 of above increased from 69.65% for deliveries to the GSEs in the first quarter of 2024 to 70.80% in the second quarter.

Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.

Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.

Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.

Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.

JPMorgan Chase, once again, was the top non-agency MBS issuer in the quarter...

The BLS reading on mortgage employment trails the national numbers by a month.

KBW noted that a majority of the mortgage market is “still well over 300 basis points out-of-the-money to refinance”…