Interest rates on mortgages reached their highest level of the year (thus far).

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

Fitch Ratings warned that nonbank mortgage companies could face issues if weaknesses involving MSRs emerge.

Average loan sizes on mortgage applications are shrinking.

First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...

Better’s merger partner — its initial public offering is designed to be accomplished via a SPAC — is Aurora Acquisition Corp.

The volume of new home equity line of credit commitments and closed-end second liens originated in the first quarter of 2023 declined by 19.0% compared with the previous quarter.

Ed DeMarco, president of the Housing Policy Council, said that while claiming to codify existing FHFA practice, the proposal “does not address FHFA’s practices related to fair housing and fair lending enforcement.”

“What you don’t want to have to do is sell those assets when rates are so much higher because you’re going to take a loss,” Teresa Bazemore, CEO of the Federal Home Loan Bank of San Francisco, said of bank holdings on MBS.

Acra Lending has turned a profit in six of the past seven years.