Retail originations of mortgages by banks and thrifts sharply increased in the second quarter. The industry also reported a more modest increase in secondary-market mortgage sales. (Includes two data tables.)

Repurchases and indemnifications increased by more than 30% on a sequential basis during the second quarter. Through the first six months of the year, buyback activity was essentially level compared with the first half of 2024. (Includes data table.)

First Interstate Bank posted the largest loss in the second quarter, spilling $5.5 million of red ink.

As of the end of June, banks held $2.859 trillion in their servicing-for-others accounts, up 1.1% from the end of March.

The amount of loans banks and thrifts serviced for others inched up in the second quarter of 2025 but the fair value of their MSRs declined. (Includes data table.)

Banks and thrifts reported a slight decline in their income from mortgage-banking activities in the second quarter, according to new call-report data. (Includes data table.)

The settlement is tied to practices Cypress engaged in while operating as a direct mortgage servicer under the name Rushmore. Cypress has since rebranded as a master loan servicer.

The GAO alleged that the CFPB acting director’s decision not to request full funds available from the Federal Reserve constituted an illegal withholding under the Impoundment Control Act.

The lawsuit claims Early Warning Services, which is owned by a group of U.S. banks, failed to protect users from fraud by not including critical safety features in its electronic payment platform, Zelle.

The Senate over the weekend unanimously approved the House version of the Homebuyers Privacy Protection Act.