Mortgage lenders saw a noticeable decline in refinancing of underwater Fannie Mae and Freddie Mac mortgages during the second quarter of 2013, according to a new Inside Mortgage Trends analysis of mortgage-backed...
Among the top 20 lenders in the nation, PennyMac and Nationstar had the highest growth rates, according to new figures compiled by Inside Mortgage Finance.
In general, mortgage-related earnings were strong at the nation's banks in the second quarter, but clearly earnings "leakage" is underway. And yes, gain-on-sale is starting to slip.