Trends varied significantly among banks and thrifts, with five of the top 10 reporting declines in mortgage-banking income during the second quarter. (Includes data table.)

Mortgage repurchases by banks and thrifts during the second quarter were the lowest since before the 2008 financial crisis, according to a new Inside Mortgage Trends analysis of call-report data. (Includes data table.)

The nonbank misled borrowers into believing that its cash-out refinance loans were less expensive than their existing mortgages.

Loan performance deteriorated across most late-payment categories in the agency mortgage-backed securities market in the second quarter. However, delinquency rates remained lower than six months ago. (Includes data table.)

In the conventional-conforming sector, the broker share grew to 22.2% in the first quarter, up from a 21.6% share the previous quarter.

Brokers gained market share across all three lending sectors in the first quarter. The biggest gain was in the government-insured lending market. (Includes two data tables.)

Freddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.

Overall loan deliveries to Fannie Mae and Freddie Mac increased modestly in May. PennyMac boosted its production by 53.4%, making it the largest GSE seller during the month. (Includes two data tables.)

Wells Fargo's loan repurchase/indemnification volume totaled $118.0 million in 1Q24 and was the largest in the nation among depositories...

The total delinquency rate among large servicers was 3.23% at the end of March, down 38 basis points from the end of 2023.