Other sectors of the jumbo market saw more measured gains...

For the third consecutive quarter, VA production exceeded FHA activity – and the margin widened significantly...

Most of the gain was in agency mortgage securities, which rose $82.6 billion to $2.148 trillion...

Production of deals backed by commercial real estate loans fell 27.9% in the second quarter...

In a nutshell, retail lenders gorged on refis: Roughly 62.8% of refi loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter came through the channel...

Gain-on-sale margins went through the roof in the second quarter for all involved...

Retail-originated refi production was particularly strong at the GSEs, climbing 160.5% from the first to the second quarter. By contrast, deliveries of retail refi loans rose 30.5% at Ginnie Mae, where total MBS issuance increased more modestly...