Fannie and Freddie will not buy condo loans in projects with unfunded repairs in excess of $10,000 per unit.

The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

When interest rates on mortgages rise, young and middle-income consumers fall away from the mortgage market, according to a working paper from FHFA.

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.