Holdings of agency pass-through securities at banks rose 8.6% during the first quarter to $398.47 billion.

Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.

The decline was driven by loans eligible for sale to the government-sponsored enterprises along with FHA and VA mortgages.

A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.

HECM lending hasn't been this low since before the COVID-19 pandemic...

Many of the top depository institutions reduced their production in the first quarter.

Freddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.

The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

The Mortgage Bankers Association quarterly performance report found similar, though somewhat bleaker, results.

Total 1-4 family mortgage servicing outstanding hit a record $14.027 trillion at the end of March. Nonbanks handled 50.2% of the total, compared to 49.6% as of the end of 2023.