Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.

Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.

On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...

Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.

The California-based nonbank saw its gain-on-sale margin slip to 228 basis points compared to 298 bps in 1Q21 and a whopping 539 bps in the year-ago quarter...

The number of Ginnie loans one-payment past due jumped 17.3% from March to June, pushing the delinquency rate for the category to 2.06%. That compared favorably to a 3.60% 30-day delinquency rate two years ago.

Non-agency CMBS production roared to $37.12 billion, the highest quarterly volume since the end of 2019.

Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”

The origination winners and losers were mostly determined by how much they rely on refinance activity.

It’s highly likely the adverse market refi fee boosted Fannie Mae’s revenues as well, but that GSE won’t release earnings until next Tuesday.