The robust second quarter brought year-to-date agency MBS issuance to $562.02 billion, just 1.3% below the level reached in the first six months of last year.

Residential loan sales by Wells Fargo tumbled 23% while U.S. Bank suffered a 38% sequential decline…

It was the heaviest quarterly issuance volume since the July-September cycle in 2017.

In terms of risk layering, some 10.5% of bank loans were in the lowest risk category, with high credit scores and low loan-to-value ratios. Just 8.8% of nonbank loans were in that bucket, according to Inside The GSEs.

JPMorgan Chase was one of the few major banks that actually sold more loans in early 2019 than it did a year ago…