A sharp decline in restructuring of existing CLO deals overshadowed a substantial increase in new BSL securitization during the second quarter of 2022. (Includes two data charts.)

After a historic nosedive in the first three months of 2022, primary mortgage originations recorded a less severe slump the second quarter.

First-lien originations fell 10% from the first to the second quarter, but a number of lenders — especially those that focus on purchase-lending and non-agency products — outperformed their peers. (Includes two data charts.)

A slump in equipment-finance and other business-related securitizations largely offset rising issuance volume in other sectors of the ABS market during the second quarter of 2022. (Includes two data charts.)

FHA loans accounted for 27.1% of insured mortgages in the second quarter...

The FHA program and private MIs accounted for slightly larger shares of insured loans securitized in the second quarter. The volume of insured loans delivered to Fannie, Freddie and Ginnie was down 8%, compared to a 39% nosedive in uninsured loans. (Includes three data charts.)

Year-to-date transfers of Fannie Mae, Freddie Mac and Ginnie Mae servicing hit $561.35 billion, setting a pace for a $1 trillion year.

Most of the big players in bulk agency MSR transfers were nonbanks, although Chase still ranked as the top buyer at midyear. Co-issuance volume declined as agency MBS issuance waned. (Includes three data charts.)

The top three non-agency issuers for the first six months of 2022: JPMorgan, Goldman Sachs and Onslow Bay...

A revival in the scratch-and-dent market was a bright spot in non-agency MBS issuance in the second quarter. ECM volume held up better than activity in the prime sector. (Includes three data charts.)