Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.

The online lender focuses on purchase mortgages.

The share of specified pools of GSE MBS increased from 40.7% in 2023 to 44.4% last year.

Clawback activity peaked in 2023 in the wake of the refinance boom.

“We continue to see nearly zero [non-QM] loans hit the liquidation stage,” dv01 said.

The February lull is a common seasonal occurrence.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

“I think that the bid for the whole loan itself and the ability to have a lot more control and cherry pick what you want on your balance sheet has been very strong,” an executive at a major life insurance company said.

The Federal Reserve remains on track to cut the federal funds rate only one time this year, according to Mike Fratantoni, an executive vice president and chief economist at the Mortgage Bankers Association.