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...

Surging purchase-mortgage business helped boost market shares for the FHA and private mortgage insurers, but the biggest factor was a sharp decline in VA business. (Includes three data charts.)

Overall, Wells Fargo continued to post the biggest earnings of the group...