Bank of America reported a $16 billion decline in its residential MBS portfolio, while a number of other banks shed more than $1 billion in the second quarter. Chase increased its holdings, but not but as much as the First Republic acquisition might have suggested. (Includes two data charts.)
United Wholesale Mortgage continued to set the pace in a fast-growing wholesale-broker market. It remains to be seen whether there's enough business to go around for all the new entrants. (Includes six data charts.)
Most publicly traded nonbanks saw substantially improved performance from their mortgage banking operations in the second quarter. But two large firms continued to lose money. (Includes data chart.)
Most of the gain in commercial mortgage securitization during the second quarter came from agency multifamily MBS, and the non-agency sector continues to face significant challenges. (Includes two data charts.)
All four mortgage food groups saw sizable gains in originations in the second quarter, with government and conventional conforming leading the way. (Includes two data charts.)