The key to a modest increase in servicing-for-others in the banking industry was the purchase of a large nonbank by Western Alliance Bank. (Includes data chart.)

Bank investment in agency MBS, especially Fannie/Freddie paper, continued to grow during the second quarter, though not quite as much as the overall market. (Includes two data charts.)

Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.

The agency market — FHA/VA and conventional conforming — still accounted for 86% of first-lien originations, but jumbo and ECM lending are gaining ground. (Includes two data charts.)

Freddie's issuance fell by more than 50% from the first quarter and Fannie remained inactive.

New VA endorsements declined significantly due to a sharp drop in refinance activity, but FHA volume was up slightly in the second quarter. (Includes three data charts.)

Credit losses at the private mortgage insurers fell 47.5% from 1Q21 to 2Q21...