The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

Applications increased even as interest rates rose.

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.