Annaly Capital Management remained the biggest REIT MBS investor at midyear, although AGNC had the largest portfolio of agency MBS. REIT holdings of non-agency MBS declined. (Includes two data tables.)

TD Bank ranked as the top U.S. bank investor in non-mortgage ABS at the end of the second quarter, after notching gains in both securitized auto loans and business finance. (Includes two data tables.)

Issuance increased by 7.8% from July and marked the strongest monthly total since November 2024.

Nonbank lenders continued to dominate the agency single-family market, accounting for 76.6% of new business in August. Nonbanks delivered more than 80% of agency refinance loans last month. (Includes two data tables.)

The sharp decline in GSE Supers issuance was the result of the Federal Reserve wrapping up the conversion of its Fannie/Freddie MBS into aggregated form in the first quarter. (Includes two data tables.)

Wells Fargo was the top bank investor in Ginnie pass-throughs in the second quarter.

The second quarter brought a big increase in bank holdings of Ginnie Mae pass-throughs. Banks reduced their investment in GSE pass-throughs but upped their agency CMOs. (Includes two data tables.)

In the second quarter, servicing clearly changed things at United Wholesale and Rocket Mortgage.

Private MI covered 16.4% of new mortgage production in the second quarter.

Several top nonbank lenders took significant writedowns on MSR during the second quarter, but the damage was less severe than in the previous period. Meanwhile, production-related income was up. (Includes data table.)