Bright spots: Issuance of non-agency securities classified as Alt A...

Ginnie Mae's single-family outstanding was up 2.2% in the second quarter while the GSEs posted a 0.3% increase in servicing compared with the end of March..

Ginnie issuance increased by 33.7% on a quarterly basis in the second quarter.

Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.

Several usually active issuers had no issuance in the second quarter, including Angelo Gordon, Ellington Financial REIT and Redwood Trust.

At June 30, BofA held $228.8 billion of first-lien residential mortgages on its books. The average yield: 2.98%...

All major sectors posted gains in securitization activity...

The GSEs outpaced Ginnie in terms of growth in MBS issuance in the second quarter.

Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.

Lenders delivered $174.26 billion in loans into Fannie Mae and Freddie Mae mortgage-backed securities in the second quarter, a robust 37.9% sequential increase.