The top four lenders receiving the highest rate of “likes” and lowest rate of “dislikes” from real estate agents were all nonbanks: Fairway Independent, Movement Mortgage, Guild Mortgage and Guaranteed Rate.

Freddie said the strong labor market and years of pent-up interest are increasing demand for purchase mortgages.

Sen. Bob Corker, R-TN, said passing legislation this year “evidently is not going to happen” and his sense is that Fannie Mae and Freddie Mac will stay in conservatorship “for some time.”

PeerStreet was founded in 2014, reached a cumulative $500.0 million in originations this past September and recently surpassed $1.0 billion in originations.

The correspondent channel accounted for 32.9 percent of total first-lien originations, up from a 32.4 percent share the previous quarter.

Home prices increased by 1.7 percent in the first quarter of 2018, according to the Federal Housing Finance Agency’s house price index.

Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, said Montgomery should “right size” the FHA.

Mike Crapo, R-ID, chairman of the committee, said housing finance reform is one of his top priorities.

Chase is the top contributor to the MBS with a 45.0 percent share, followed by United Shore Financial Services at 16.5 percent and Caliber Home Mortgage at 5.2 percent.

Applications for purchase mortgages and refinances both declined.