Although six companies recorded quarterly increases in mortgage-banking earnings, three industry leaders posted huge declines and another nonbank posted a net loss.

Originations of purchase mortgages increased by 2.7% on an annual basis in the first quarter of 2025.

Higher-priced mortgages accounted for 2.4% of total originations tracked in HMDA in 2024.

Correspondent sales of non-agency jumbo mortgages increased by 62.3% on an annual basis in 2024.

There are concerns about high debt-to-income ratios, high loan-to-value ratios and “iffy” appraised values.

Some $11.98 billion of office-property financing was securitized in the first quarter, more than six times the volume in 4Q24.

Among the top 20 Ginnie issuers in April, just two were federally insured depositories.

Mortgage bankers are hoping for a strong May and June to tide them over.

Demand for vacation homes has dropped to the lowest level since 2018.

The FHA/VA share of primary MI volume increased from 60.5% of activity in the fourth quarter of 2024 to 63.8% in the first quarter of 2025.