ABS issuance has climbed steadily since bottoming out in 2010, and this year is on track to exceed $200 billion in annual issuance for the first time in eight years.

Meanwhile, the U.S. House of Representatives approved a modified bill that would require federal banking regulators to study the role of depository institutions in the MSR market.

The worst news: Prime jumbo MBS issuance fell 32.5 percent from the first quarter to the second.

It was the biggest quarter in GSE private MI activity since the third quarter of 2013...

Mortgage repurchase volume fell 9.5 percent from the fourth quarter and it was down 12.3 percent from the first three months of last year.

The rise in retail market share likely reflects the fact that smaller lenders, which are more likely to do retail lending exclusively, account for a growing share of GSE business.

Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...

However, refinance loans continued to account for the lion’s share of GSE business, Inside Mortgage Finance found.

The Consumer Financial Protection Bureau also is reviewing LPMI, but from a different angle: RESPA and the "discounting" of such policies…

Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.