Survey says: An increased number of respondents think mortgage rates will go down over the next year...

The big servicers got a little bigger and Chase overtook Wells as the largest GSE servicer in the first quarter.

Margins improved while originations declined.

The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.

Since quantitative tightening began in June 2022, the Fed hasn't come close to the $35 billion monthly cap on its MBS runoff.

Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.

Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.

The banks had weathered volatility in March and April.

Servicing drove earnings while lending generated a loss.

Servicing still looks more attractive than lending at the moment.