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.

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

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.

“We do believe that tariffs overall will be finalized... and I actually think interest rates will go down because of it,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

Ginnie Mae is instituting a temporary 10% cap on the share of mortgages with buydowns delivered into multiple issuer pools of Ginnie MBS.