Lenders delivered $174.26 billion in loans into Fannie Mae and Freddie Mae mortgage-backed securities in the second quarter, a robust 37.9% sequential increase.

Fannie and Freddie issuance of single-family MBS surged 38.4% from the first quarter of 2023 to $172.31 billion...

Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.

The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...

In M&A news, Ellington Financial has agreed to buy Great Ajax in all-stock deal.

The volume of new home equity line of credit commitments and closed-end second liens originated in the first quarter of 2023 declined by 19.0% compared with the previous quarter.

Wells originated $5.08 billion of conventional-conforming loans through the correspondent channel in the fourth quarter. In the first quarter, the bank’s production in the channel was down to only $500 million.

Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.