The share of risk the government-sponsored enterprises is offering to investors is also on the rise.

“In short, the agencies tried to do too much,” the American Bankers Association said.

The top higher-priced mortgage lender in 2023 was 21st Mortgage, with $2.55 billion in volume.

The decline in demand for purchase mortgages was most prominent for FHA mortgages, where applications declined by 9% on a weekly basis.

Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.

Better's gain-on-sale margin improved to 237 basis points in 1Q24 from 203 bps for all of 2023...

The funding request includes $81.3 billion for HUD programs to increase the housing supply and lower homeownership costs.

It’s the fourth securitization of seconds from the nonbank this year.

Home price appreciation in 2024 is expected to be well below the 5.5% annual appreciation seen in 2023, according to Fitch Ratings.

Activity in the refinance sector lead to a slight push in originations for home loans with primary MI.