Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...

At midyear, bank holding companies valued their agency MBS held for trading at $219.07 billion...

New FHA loan applications and endorsements have been declining steadily since hitting peaks in late 2020, and cash-out refinances make up a growing share of the market.

Even with less competition from the non-agency market, the GSEs securitized only 81.5% of conventional-conforming originations in 2Q...

Rising mortgage interest rates increased the market share of jumbo loans, ARMs and expanded-credit mortgages in the second quarter, while the agency market shrank. The result was a downturn in securitization rates. (Includes data chart.)

JPMorgan Chase continued to hold the biggest portfolio of MBS/ABS in trading accounts. Bank holding companies posted a 14.9% increase in agency MBS held in trading accounts. (Includes data chart.)

Sellers repurchased 20.3% more GSE loans in 2Q22 than in the prior quarter.

Although secondary securitizations fell 39.3% for the first eight months of 2022, production at both enterprises spiked in August.

Seller buybacks were up 20.3% from the first to the second quarter, with most of them involving loans sold to the GSEs in 2021. Rocket Mortgage and loanDepot led the industry in repurchases during the first half of 2022. (Includes three data charts.)

Kroll held onto the top spot in rating non-agency MBS despite a 50.8% decline in quarterly volume.