FTC warns Mortgage Connect about noncompetes; Rocket preps CES MBS; New legislation on mortgages for homes on tribal land passed; Share of first-time homebuyers increasing.

The change was prompted by delinquencies, though Fitch analysts said the asset class is still performing above base case expectations.

“The industry forecasts are expecting a step up in Q2 but I would say that we’re just not seeing that,” said Varun Krishna, CEO of Rocket Companies.

At Freddie, net interest income has increased slightly in every quarter but one over the past three years.

Earnings were depressed for both production and servicing.

Issues stemming from the war with Iran helped to push interest rates on mortgages up last week.

Fannie added MBS at a fast pace and Freddie reduced its whole-loan holdings.

While UWM has repeatedly raised its bid price and made other concessions, Two Harbors has opted to move forward with an acquisition by CrossCountry Mortgage.

Agency loan securitization volume dropped across all three lending channels in the first quarter, though retail lenders increased their footprint by shrinking less than correspondent aggregators or wholesale-broker originators.

After weeks of silence on the status of Fannie Mae and Freddie Mac, President Trump stirred up shareholders this weekend by bringing up the concept of a public offering at two separate events.