FICO CEO Will Lansing addressed the criticism over the price increases, saying the firm was “catching up from 30 years of frozen pricing.”

Buyers increasing their allocations to the sector include insurance companies.

Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.

The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.

Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.

PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”

States that have adopted the new standards effectively cover 98% of the nonbank servicing market by loan count.

“Recent data showing stickier-than-expected inflation, rising mortgage rates and continued home price appreciation appear to have given consumers pause regarding the market’s direction,” said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

The REIT completed one securitization in the first quarter, this one collateralized by "transitional" loans...

While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.