Note: Truist Bank upped its Ginnie pass-through investment by $9.84 billion to $22.56 billion.

Servicing income didn't give much of a boost to nonbank profits during 2Q24...

Most lenders reported rising production volume, but shrinking margins ate into bottom-line profitability. Servicing results depended on how successful the firms were in hedging MSR. (Includes data table.)

Wells Fargo moved deeper into Ginnie Mae pass-throughs while JPMorgan Chase upped its holdings of GSE pass-throughs. Bank of America, Charles Schwab and U.S. Bank all reduced their MBS holdings in the second quarter. (Includes two data tables.)

Portfolio restructuring by the Federal Reserve accounted for about a third of new Fannie and Freddie Supers issuance in the second quarter, but volume is slowing down. (Includes two data tables.)

Securitization of non-agency mortgages for apartment buildings and hotels saw significant volume increases in the second quarter, while industrial and retail remained strong. However, agency multifamily MBS issuance fell. (Includes two data tables.)

Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.

Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.

JPMorgan Chase reported a hefty gain in mortgage-banking income during the second quarter, but most banks saw declines as gain-on-sale margins declined. (Includes data table.)

Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.