With primary-market rates topping 7% in August, the outlook for agency single-family MBS production is not favorable. A clutch of nonbanks continues to dominant issuance. (Includes two data charts.)

First-time buyers met the challenge of high mortgage rates, sparse property listings and persistently high house prices to fuel a heady gain in purchase-mortgage activity in the second quarter. (Includes four data charts.)

Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.

Most public companies generated positive results from their production and servicing operations, but MBA data reveal that many lenders continued to struggle financially in the second quarter. (Includes data chart.)

Bank MBS holdings have now declined for six straight quarters after peaking at the end of 2021.

The wholesale-broker share of originations hit 16.8% in the second quarter.

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.)

Securitization of industrial property loans more than doubled on a quarterly basis...

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.)