Secondary

CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and its smaller rival, Northern Trust. He also said that the bar for BNY to engage in M&A is "very high."

Gain on sale at JPMorgan Chase fell by 5 basis points in the second quarter, which could be a slightly adverse sign for mortgage banker results, KBW said.

Strong fee income growth and solid credit quality helped offset weak demand for credit as the San Francisco-based bank reported a 20% boost to earnings per share from a year ago.

Chairman and CEO Jamie Dimon said in a Tuesday statement that "the U.S. economy remained resilient" during the second quarter, adding that the recent tax cuts and potential deregulation are "positive for the economic outlook."

Most indicators cited by Morningstar DBRS are favorable to a good securitization market the rest of the year, but inflation is one of several challenges.

New limits for forward commitments add to indications the secondary mortgage market is watching builder partnerships with home lenders closely.

While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.

The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.

The terms cover various aspects of the application and closing process that mortgage lenders may charge consumers a fee for performing when producing a loan.

The government-sponsored enterprise has reportedly added a new vendor to a test in which it buys certain loans without title insurance or attorney opinion letters.