Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.

Rocket Mortgage was the top GSE seller in the direct channels in 23 states in the first six months of 2023. United Wholesale Mortgage was the leader in 12 states.

Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.

The Federal Reserve will announce its next decision on interest rates on Sept. 20.

FHA lending growth outpaced VA in the second quarter.

Chase tops the competition in the jumbo servicers market in the second quarter of 2023.

Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.

Bank MBS holdings have now declined for six straight quarters after peaking at the end of 2021.

The wholesale-broker share of originations hit 16.8% in the second quarter.

Income generated by the 11 FHLBanks increased by more than 20% on a quarterly basis in the second quarter while FHLBank advances outstanding declined.