Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...

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...