First-lien mortgage originations remained in a trough in the first quarter of 2024.

Originations dropped to varying degrees during the year at all of the top 10 lenders.

The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.

Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.

The first-quarter slump was largely confined to bulk sales of Fannie and Freddie mortgage servicing rights.

The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.