Vehicle-financing securitizations continued to dominate ABS issuance in the second quarter, although volume fell 9% from the first three months of the year. Business ABS issuance almost made up the difference. (Includes three data tables.)

Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.

The bank share of agency servicing fell to 34.5% as of the end of June.

Much of the second-quarter gain came from NPL/RPL and home equity securitizations. Prime MBS issuance in the first half was up three-fold from last year, while ECM production was up 32.7%. (Includes data tables.)

Heavy bulk MSR sales volume helped several top nonbanks grow their agency servicing portfolios in the second quarter. Most of the top banks watched their agency servicing decline. (Includes two data tables.)

Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.

Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.

Seasonal trends may push agency single-family production higher in the third quarter, and lower rates could sustain a fledgling rally in refinance activity. (Includes three data tables.)

Ginnie remained the top agency in single-family business during the second quarter, though the GSE market posted a bigger gain. Purchase-mortgage volume accounted for most of the gain. Refi activity was also up. (Includes two data tables.)

Rated non-agency MBS issuance was up 95.4% from the fourth quarter to $26.99 billion in the first three months of 2024.