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.

Delinquency rates declined during the first three months of 2024, according to the Inside Mortgage Finance Large Servicer Delinquency Index. (Includes data tables.)