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.

Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.

Locks for both purchase mortgages and refinances declined.

Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.

Transfers of agency mortgage servicing rights in the first quarter of 2023 dropped 50.1% compared with the previous quarter.

Academic researchers used data from the Home Mortgage Disclosure Act to examine the impact of the implementation of the California Consumer Privacy Act.

Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.

Fannie's secret sauce in 1Q: dramatically lower provisions for credit losses...