The REIT bounced back after losses in the previous two quarters.

“There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.

The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.

Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.

Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.

The first-quarter slump was largely confined to bulk sales of Fannie and Freddie mortgage servicing rights.

Sam Valverde, the principal executive vice president at Ginnie, will serve as acting president following McCargo’s departure.

Sam Khater, chief economist at Freddie Mac, described the issue as “urgent, but manageable,” an opinion shared by others at the conference hosted by Americatalyst.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.

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