As MBA recently noted, personnel expenses tied to loan production declined in the first quarter...

A number of banks reduced their jumbo originations in early 2024 and nonbanks aren't fully picking up the slack.

The total delinquency rate among large servicers was 3.23% at the end of March, down 38 basis points from the end of 2023.

FHA's share of combined FHA/VA lending declined to 60.8% in the first quarter of 2024.

The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.

Government-insured production increased by 11.0% compared with the fourth quarter while total first-lien originations were up 3.2% during that time.

Fannie Mae and Freddie Mac issued $428.04 billion of Supers deals backed by first-level uniform MBS during the first quarter of 2024.

The top FHLBank borrower remains JPMorgan Chase with $39.22 billion in outstanding advances at the end of the first quarter.

Several companies increased origination volume, posted stronger gain-on-sale margins and reported rising values for mortgage servicing rights.

Denial rates on purchase mortgages inched up in 2023 except for FHA loans, where the rate declined.