One institution, USAA Federal Savings Bank, accounted for most of the decline.

Retail, correspondent and wholesale lending declined in the conventional-conforming and government-insured markets in the second quarter and increased in the jumbo sector.

Some $20 billion of GSE-eligible mortgages are on track to flow into non-agency MBS this year.

It doesn’t happen often (the last time was more than 15 years ago), but Freddie bested Fannie in single-family MBS issuance in August. Freddie saw big gains in multi-lender swap and guarantor business. (Includes two data charts.)

United Wholesale ranked as the top conventional-conforming lender thanks to its dominant wholesale-broker platform. The company made a splash in the surging jumbo sector. (Includes two data charts.)

A sharp drop in bank mortgage repurchases from the first to the second quarter was due mostly to one institution: USAA Federal Savings Bank. (Includes data chart.)

Fannie Mae, Freddie Mac and Ginnie Mae all securitized a higher proportion of loans in their respective markets during the second quarter, but non-agency securitization rates benefited more from a surge in new lending. (Includes data chart.)

Jumbo lending is catching on with nonbanks, which are providing most of the collateral for non-agency prime jumbo securitizations.

Originations of non-agency jumbos set an all-time record in the second quarter, but securitization of conforming-jumbo loans by Fannie, Freddie and Ginnie was down. (Includes three data charts.)

Production was down for both purchase and refinance loans.