Financial consultant Paul Hindman, however, is concerned about such bonuses...

Fannie and Freddie securitized $26.34 billion of purchase mortgages in April, a 24.3 percent increase from the previous month.

The eight nonbanks – including the top publicly traded firms that rank high in originations, servicing or both – posted a combined $40.5 million in mortgage-banking income during the first quarter.

VA originations by state-licensed lenders rose 14.5 percent from 2013 to 2014.

Fannie, Freddie and Ginnie all posted solid gains in volume during April, but Ginnie had the strongest increase with issuance rising more than 32 percent…

Many shops continue to recruit for LOs but with the caveat they have strong ties to Realtors and homebuilders.

Fannie Mae and Freddie Mac continued to follow orders and prune their retained investment portfolios – and potential future income – during the first quarter of 2015. But the government-sponsored enterprises ended the period holding more of their own MBS than when it started. The combined Fannie/Freddie mortgage investment portfolio fell 0.5 percent during the first quarter of 2015. Under their conservatorship agreement, each GSE is required to reduce its mortgage portfolio to $250 billion by the end of 2018. They each have a little over $150 billion more to go and, as of the end of March, 15 quarters to do it. The Federal Housing Finance Agency has directed...[Includes one data chart]

One advisor reminded us that in the world mortgage M&A many potential deals go south...

Researchers at the Urban Institute found that, although the percentage of first-time homebuyers increased from 2011 to 2014, the national share of first-time homebuyers in the agency mortgage market fell from 57 percent in 2011 to just 54 percent last year. Researchers Bing Bai, Jun Zhu and Laurie Goodman, director of the Housing Finance policy center at the Urban Institute, attributed the change to a decline in FHA’s market share. From 2001 to 2003 ... [Includes one data chart]

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....