FICO CEO Will Lansing addressed the criticism over the price increases, saying the firm was “catching up from 30 years of frozen pricing.”

Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.

The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.

Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.

PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”

“Recent data showing stickier-than-expected inflation, rising mortgage rates and continued home price appreciation appear to have given consumers pause regarding the market’s direction,” said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

“We are very opportunistic in certain markets in which we like the vintage and the availability of credit,” Patterson said.

The REIT completed one securitization in the first quarter, this one collateralized by "transitional" loans...

Rocket’s income was boosted in the first quarter by a jump in gains from the sale of loans and positive marks for mortgage servicing rights.

HUD cautioned that lenders could violate the Fair Housing Act by relying on decisions made by an advertising platform that uses artificial intelligence to place ads.