“There are hundreds of thousands more home sellers in the market than buyers because buyers have been spooked by high mortgage rates, high prices and economic uncertainty,” Redfin said.

An uptick in refinance activity wasn’t enough to offset the seasonal decline in purchase-mortgage volume.

“Independent mortgage banks have navigated the most volatile interest rate cycles in a generation without a taxpayer backstop,” according to Pennymac.

The lender originated $1.64 billion of loans in the first quarter, with plans to hit $1.0 billion in monthly volume by May.

Pennymac typically issues its own non-agency MBS.

The heads of FHFA and HUD were planning to make a "major housing announcement" today, though the press conference was postponed.

MBA wants the reporting threshold for HMDA to be increased to reduce burdens on lenders.

Academy Mortgage won an appeal in a case involving attorney's fees associated with a lawsuit filed under the False Claims Act.

Brian Vieaux, president of MISMO, said the dataset aims to make it easier for aspiring homeowners to succeed by creating a standard shared language that can be used between counselors, lenders and the broader mortgage ecosystem.