An analysis of earnings reports from 18 lenders showed combined income from production and secondary market rose to $2.75 billion in the first quarter, a 5.0% increase from the previous period.

Loans with balances above the baseline conforming loan limit accounted for 16.4% of total originations in the first quarter of 2026.

The decline in issuance was driven by refinances, with refi volume off 16.8% on a monthly basis.

Lenders denied 12.1% of applications for jumbo mortgages in 2025.

The agencies securitized $30.31 billion of rate-term refis in May, a 32.6% decline from April.

Some $12.26 million of mortgages originated using VantageScore were included in GSE MBS issued in May.

The bank originated $7.34 billion in jumbos in the first quarter, a 22.9% decline from the fourth quarter of 2025, according to a new analysis and ranking by Inside Nonconforming Markets.

Cash window acquisitions by the GSEs look to be cutting into the volume of production flowing to correspondent aggregators.

Eight of the top 10 banks reduced their portfolios on a quarterly basis.

Net income at the Federal Home Loan Banks fell from $1.36 billion in the fourth quarter of 2025 to $1.30 billion in the first quarter of 2026, according to a new Inside The GSEs ranking and analysis.