One caveat: Only the most well-heeled companies came to market, leaving originators with weaker prospects to tap their bank lines or enter into new or amended master repurchase agreements...
The Fed added $135.87 billion to its agency MBS holdings during the second quarter. That accounted for just over half of the growth in agency MBS outstanding during that period.
Retail, correspondent and wholesale lending declined in the conventional-conforming and government-insured markets in the second quarter and increased in the jumbo sector.