It was the biggest volume of new lending above the conforming loan limit since the second quarter of 2007 before emergency conforming loan limits were authorized by Congress.
On a combined basis, the nine lender/servicers tracked by Inside Mortgage Trends generated $243 billion in single-family mortgages during the second quarter, a little less than half the entire market.
S&P has been the top non-agency MBS rating agency over the years but DBRS captured the title in 2012 with 55 percent of rated transactions, according to Inside MBS & ABS.
The three government MBS agencies issued $144.26 billion of single-family MBS last month, down 3 percent from Junes level. It was the lowest monthly production level so far in 2013.
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...