JPMorgan Chase reported a hefty gain in mortgage-banking income during the second quarter, but most banks saw declines as gain-on-sale margins declined. (Includes data table.)

Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.

Deliveries of rate-term refinance loans to the agency MBS market rose sharply in July as a growing share of the market has coupons over 6%. Purchase-loan volume was up 8% at Ginnie, while the GSEs saw a 3% decline. (Includes two data tables.)

A rising tide of purchase mortgage lending floated a lot of boats in the second quarter, and expanded the market share for private MIs. (Includes four data tables.)

Reset and refinance transactions accounted for half of the CLO issued in the second quarter, with volume more than doubling compared with the first three months of 2024. (Includes data tables.)

More than half of the second-quarter bulk deals were attributable to two buyers: Mr. Cooper Group and Lakeview...

Mr. Cooper was the top buyer of bulk agency MSR packages, with a huge chunk of it coming from United Wholesale Mortgage. Coissuance activity also increased. (Includes three data tables.)

Vehicle-financing securitizations continued to dominate ABS issuance in the second quarter, although volume fell 9% from the first three months of the year. Business ABS issuance almost made up the difference. (Includes three data tables.)

Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.

The bank share of agency servicing fell to 34.5% as of the end of June.