The bulk of the production at the bank comes through the correspondent channel via AmeriHome.

The GSEs noted that if these fees to real estate agents continue to be customarily paid by the property seller according to local convention, they won't be subject to financing concessions limits.

At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.

Wells Fargo and Chase reported declines in mortgage originations during the first quarter of 2024.

There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.

Servicers have until Oct. 1 to implement the program.

The high inflation reading for March is one factor that will keep interest rates higher for longer.

“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

A rebound could be afoot for MSR loans...

Hiring activity in March was stronger than expected, which could help prompt the Fed to delay cutting interest rates.