Banks, thrifts and credit unions reported $540.4 billion of HELOCs on their books at the end of June, down 0.9 percent from March.

Fannie, Freddie and Ginnie All saw most of their business come from borrowers earning less than $150,000 per year.

At the top of the heap was the Federal Reserve, which boosted its agency MBS portfolio by 3.8 percent during the second quarter.

The increase in mortgage debt outstanding in the third quarter of 2013 increasingly looks like an aberration rather than a turning point.

Broker originations also had a significantly larger average loan amount, $230,082, than the other channels.

On a year-to-date basis, mortgage sales were down 63.6 percent from the first half of 2013.

The biggest chunk of purchase business for the GSEs were loans ranging from $200,000 to $300,000, which accounted for 29.4 percent of their business.

Lenders financed $11.9 billion of conforming-jumbo mortgages – loans greater than $417,000 – through Fannie, Freddie and the FHA during the second quarter.

Although the Federal Reserve has tapered its agency MBS purchases significantly, the central bank continued to grow its holdings during the second quarter.

Bank of America was once again the buyback king at the midway point in 2014.