MIAC Analytics warns that elevated buyouts may be masking performance problems with Ginnie Mae loans.

New HELOC commitments accounted for 80.6% of HEL lending in the first quarter of 2025.

Sales were down 7.7% compared with the fourth quarter of 2024.

The Fed’s System Open Markets Account had $2.181 trillion of agency single-family MBS as of April 2, a 2.0% decline from year-end.

Repurchases and indemnifications by banks and thrifts for residential mortgages declined by 16.3% on a quarterly basis in the first quarter of 2025.

UWM Chairman and CEO Mat Ishbia said the lender between 2021 and 2023 lowered its profit margins to gain market share.

Notable: There was, however, an increase in the volume of unresolved buyback claims.

Homebridge Financial is hiring in its home equity line of credit area.

The largest servicing gains in the past year were in servicing for Ginnie Mae, whole loans at nonbanks and in non-agency mortgage-backed securities.

One financier said 70% of his customers are making money now, which wasn’t necessarily the case in the January-March period.