Loan balances up to $300,000 made up the largest cohort of spec-pool issuance, accounting for 9.0% of the transactions in the second quarter.

Mortgage originations reached $570.00 billion, increasing 8.6% during the second quarter of 2026.

The two government-sponsored enterprises reported robust earnings for the second quarter of 2026, driven by solid growth in net interest income.

Issuance of spec-pool MBS in the second quarter increased at a faster pace at Freddie than at Fannie. Pools of loans for Florida properties continued to be favored over loans from New York and Texas. (Includes data table.)

The delinquency rate grew more on FHA mortgages than on loans delivered to the GSEs or the VA.

The industry originated an estimated $570.00 billion of first-lien mortgages during the second quarter of 2026, thanks to a resilient purchase-mortgage market. (Includes two data tables.)

The delinquency rate increased the most on a quarterly basis for FHA mortgages. (Includes two data tables.)

The industry’s pipeline of loans held for sale was also reduced in the first quarter.

Pennymac was the largest correspondent lender in the conventional market in the first quarter, according to a new Inside Mortgage Trends ranking and analysis.

Mortgage originations declined across the three major production channels in the first quarter of 2026. Pennymac reported a 32.8% drop in conventional-conforming volume through correspondents. (Includes two data tables.)