Just under 14% of applications for conventional-conforming mortgages submitted in 2024 were denied.

Servicing income helped cover for a decline in production income.

Private MI volume in GSE MBS issuance in the first quarter of 2025 was down 20.4% from the previous quarter.

SPS handled servicing for 30.1% of all non-agency MBS issued in the first quarter.

PennyMac Financial's CEO David Spector saw his compensation rise 45.9%.

Soaring property and tax rates are major contributors to rising FHA delinquencies.

Mr. Cooper's owned servicing portfolio declined in the first quarter of 2025, the first decline posted by the nonbank since the second quarter of 2022.

The share of refis with low loan-to-value ratios delivered to the GSEs increased in the first quarter of 2025.

There was also a slight year-over-year decline in Fannie servicing.

In states with the highest volume of primary MI, purchase-mortgage activity was more weighted toward government-insured programs.