The reason for the weak quarter: plunging originations and stiff competition...

At June 30, banks assigned a market value of $47.72 billion to their MSRs, up 8.8% from March...

Many publicly traded mortgage companies remained profitable in the second quarter, though earnings were down sharply. (Includes data chart.)

Rising interest rates increased the fair value of banks’ MSRs in the second quarter but servicing for others was essentially flat. (Includes data chart.)

At midyear, 806,884 mortgages backing MBS issued by the GSEs and Ginnie were delinquent...

The overall delinquency rate in agency MBS inched up to 1.97% at the end of June. All of the increase in late payments was seen in the Ginnie Mae program. (Includes data chart.)

The GSEs are taking in an increasing amount of loans with higher LTV ratios and lower credit scores.

Lenders that do business with Fannie Mae and Freddie Mac continued to deliver more mortgages with lower credit scores and higher loan-to-value ratios in the second quarter. (Includes two data charts.)

Virtually all the top banks posted dismal results...

Mortgage-banking origination volume and loan sales among commercial banks and savings institutions declined in the first quarter. The pipeline of future sales also contracted significantly from the fourth quarter. (Includes two data charts.)