Although many mortgage banking companies lost money last year, the Mortgage Bankers Association remained in the black.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.

Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

The top three five jumbo originators in 2Q24: Chase, Bank of America, U.S. Bank, UWM and Wells Fargo...

Lenders pinned the underwhelming growth on elevated interest rates and a limited inventory of homes for sale.

Correspondent and broker loans were more heavily weighted toward purchase mortgages in the second quarter compared with the retail channel.

Total complaints from users of financial services increased 25.9% on a quarterly basis to a record high of 604,174 in the second quarter of 2024.

Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.