FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

U.S. Bank originated $7.13 billion of mortgages in the first quarter.

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.