New home-equity lending declined by 14% in the second quarter while refi lending boomed.

Bank of America, Wells Fargo and Chase ranked first, second and third, respectively, in terms of ARM lending in the second quarter. All are megabanks...

MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."

Loan brokerage firms have increased employment by 16.3% year-over-year...

The bulk of the increase in USDA lending has been driven by purchase mortgages, though refinances also increased significantly.

Citi led the pack with $2.46 billion of EC production in the second quarter, more than doubling its volume from 1Q20.

Securitization of purchase loans rose 16.2% from July to August, including an 18.2% increase in VA loans. FHA still accounted for the biggest share of government-insured purchase loans, 53.0% last month.

TD Bank and Charles Schwab continued to dominate the sector, accounting for a combined 45.2% of industry ABS holdings despite pulling back somewhat during the pandemic-stricken second quarter.

It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...

The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.