Mortgage originations declined across the three major production channels in the first quarter of 2026. Pennymac reported a 32.8% drop in conventional-conforming volume through correspondents. (Includes two data tables.)

Non-QM underwriting was once a hands-on process, but lenders are increasingly testing the use of AI.

JPMorgan Chase remained by far the most prominent seller, with $23.05 billion in volume during the first quarter. (Includes two data tables.)

Freedom Mortgage accused its former senior vice president of product management of developing a competing loan origination system while he was on Freedom’s payroll.

While real estate investor purchases dropped on a quarterly basis in the first quarter of 2026, the flipping rate as a percentage of total sales nationwide grew.

The Urban Institute has recommended the government-sponsored enterprises spearhead an effort to make condo lending and construction less risky.

Unlike other AI guidance tools, the new mortgage-specific framework launched by MISMO is designed for organizations without big risk-focused teams.

In a joint comment letter, a dozen trade groups said the FCC’s proposed restrictions on foreign call centers are unnecessary because existing federal laws already impose “extensive” consumer protection, privacy and data security obligations on financial services providers.

Earnings were down compared with both the fourth quarter of 2025 and the first quarter of 2025. Some of the biggest banks don’t have particularly high hopes for their mortgage businesses this year. (Includes one data table.)

Home prices are down in some areas, but inflation is more than offsetting any relief for homebuyers.