Higher revenues and lower expenses drive $3.56 billion in first quarter profits for the mortgage giant.

Fed holds rates steady for third time in a row; UWM adds VantageScore to reporting for conventional loans; Fresh housing supply boosts pending home sales in April.

An increase in Fannie's investment losses related to MBS acquisitions was more than offset by a shift from fair value losses to fair value gains.

The fair value of mortgage servicing rights improved as interest rates increased near the end of the first quarter.

The loans are available through a partnership with Wisetack, a platform used by 40,000 contractors.

The impairment rate on securitized non-qualified mortgages declined by 28 basis points on a monthly basis to 6.9% as of the end of March, according to dv01.

On average, loan-to-value ratios and debt-to-income ratios are much higher for GSE purchase mortgages with private MI compared with loans that don’t carry MI.

Higher origination volume and expanded gain-on-sale margins helped PrimeLending reduce losses in the first quarter.

A third of its homeseller clients have rates below 5%, Coldwell Banker says.

The GSEs will accept VantageScore 4.0 on a pilot basis. FHA will follow at a later date, along with plans for the GSEs and FHA to allow for use of FICO 10T.