The industry got no help from perennial leader Wells Fargo, but banks still posted their strongest quarterly income from mortgage banking in five years. (Includes data chart.)

TD Bank and Charles Schwab, the two biggest bank investors in ABS, both pulled back from the market in the second quarter, but industry-wide holdings rose slightly. (Includes two data charts.)

A number of top lenders shifted gears to focus on the high-margin GSE business in the second quarter while curtailing their non-agency jumbo production. (Includes three data charts.)

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...

Freedom Mortgage remained the top FHA lender at the midway point in 2020 as several of its competitors pulled back from the market. The nonbank extended its lead in the VA sector. (Includes three data charts.)

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

Banks and thrifts purchased a significant share of the net growth in agency MBS outstanding during the second quarter as Federal Reserve buying slowed. (Includes two data charts.)

Heavy refinance lending pushed the retail share of second-quarter originations to a record 65.7%. Much of the decline in correspondent came from a handful of key players. (Includes six data charts.)

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