Locks for purchase mortgages were essentially level on a monthly basis in May, according to Mortgage Capital Trading.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

Earnings performance improved compared with the fourth quarter.

UWM is investing in tech rather than looking to acquire mortgage companies.

SPS handled servicing for 30.1% of all non-agency MBS issued in the first quarter.

Mortgage applications were up 11% on a weekly basis last week.

Volume was up 43.3% from the fourth quarter of 2024.

UWM took a net loss of $247.0 million in the first quarter, largely due to a $388.6 million drop in the fair value of MSRs.

Both originations and servicing could see negative impacts as the Department of Education resumes collecting on defaulted federal student loan payments.

The firms acquire non-agency mortgages and own stakes in non-agency lenders.