While refinance activity grew and accounted for 63 percent of all conventional-conforming originations in the first quarter, the number of borrowers cashing out equity or consolidating loans dipped slightly from 29 percent in the previous quarter to 27 percent. That was still up from 17 percent cash-out share of refinances in the first quarter of 2014, according to Freddie Mac’s quarterly analysis. But Freddie said the net dollars of home equity converted to cash as part of a refinance remained low ...

Fannie Mae and Freddie Mac reported continued profitability in the first quarter of 2015 with net earnings of $1.9 billion and $524 million respectively. Both GSEs have been profitable for at least 13 consecutive quarters, but Fannie's earnings were down from the $5.3 billion in the first quarter of last year. Fannie said one factor was a $1.9 billion derivative loss in the first quarter, which is a jump from the $1.2 billion derivative loss in the first quarter of 2014. Freddie reported $2.4 billion in losses from derivatives and noted in its earnings statement that $1.8 billion of the charges were related to fair value changes. “The company’s use of derivatives reduces exposure to interest-rate risk on an economic basis; however, this can....

It’s not clear whether thousands of other – much smaller – mortgage servicers grew enough to offset the decline in the top tier.

PennyMac Financial Services also originated $8.9 billion of home mortgages in 1Q, an 11.3 percent increase compared to the previous quarter.

Freddie Mac will send $746 million to the U.S. Treasury under the conservatorship plan that siphons off nearly all the government-sponsored enterprise’s net profit every quarter, but that’s not all the cash being milked from the GSE. During the first quarter of 2015, Freddie sent $219 million to Treasury under the 2011 law that squeezed the GSEs to pay for a continuation of a payroll tax cut for U.S. workers. The levy is 10 basis points of guaranty fee charged by Freddie and Fannie Mae, and it’s a steadily rising amount as a greater share of GSE business is subject to the charge. In the first quarter of last year, Freddie paid...

Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...

Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...

Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.”

As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.

On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.