Margins improved while originations declined.

The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.

Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.

Servicing drove earnings while lending generated a loss.

Servicing still looks more attractive than lending at the moment.

Transfers of agency mortgage servicing rights in the first quarter of 2023 dropped 50.1% compared with the previous quarter.

The sellers of the MSRs were not identified, but in the past Two Harbors has bought product from banks and nonbanks alike...

Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.

The offering circular notes, “The seller will be providing customary representations and warranties.”

The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.