Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.

In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...

In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million.

One of the largest 1Q24 sequential gains in home lending was had by DHI Mortgage at +21.6%.

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.