Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity.

The disclosures are planned to begin in December.

Commercial banks and savings institutions reported significant declines in secondary market mortgage activity during the second quarter. Home loans held for sale on banks’ books also saw a severe drop. (Includes two data charts.)

Repurchase activity at banks and thrifts increased sharply during the second quarter. PNC Bank overtook JPMorgan Chase to lead the industry in buybacks. (Includes data chart.)

Nonbanks’ market share contracted to 63.4%..

Depository institutions’ share of mortgage originations grew for the fifth straight quarter during the April-June cycle, but nonbanks still dominated the market. (Includes two data charts.)

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.)