Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

Applications increased even as interest rates rose.

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.

Although BofA experienced a sequential drop in home lending, it was better than the -22.2% downdraft reported by Wells Fargo.

The offering from Chase's conduit is the largest jumbo MBS from the conduit since 2022. And Chase is doubling up, with a separate deal stocked with mortgages originated by the bank.

The MBA has concerns while the Community Home Lenders of America supports the effort.

The GSEs noted that if these fees to real estate agents continue to be customarily paid by the property seller according to local convention, they won't be subject to financing concessions limits.

Non-QM lenders appear to be faring a little better than their conventional and government brethren...

At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.

Wells Fargo and Chase reported declines in mortgage originations during the first quarter of 2024.