Large nonbanks accounted for 52.6% of mortgages delivered to the government-sponsored enterprises in the first quarter of 2025.

The uptick in planned issuance follows a period of weak demand from investors due to uncertainty on the economic outlook as tariff policies fluctuate.

Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.

Mortgages with interest rates above 6.0% accounted for 18.2% of the agency servicing market as of the end of March.

The spread on an expanded-credit MBS Annaly Capital Management priced this week was the widest pricing for the senior tranche of an expanded-credit MBS in more than a year.

HomeXpress is owned by Seer Capital Management, an investment fund.

“I strongly encourage lenders to make sure they have their ‘house in order’ as we are going to make it a focus to put bad actors on our suspended counterparty program at FHFA,” said FHFA Director Bill Pulte.

Bulletins from the GSEs detailed updates to servicing guidelines.

Most of the decline was in agency refinance business.

Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.