Kroll remained the biggest rating service in expanded-credit MBS with a 14.3% gain from the fourth quarter.

Table-funding giant UWM led the pack, originating $7.06 billion of VA loans in 1Q25, giving it a market share of 16.0%.

Fitch's Susan Hosterman said loans that have a DSCR of one or higher are performing "extremely" well.

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.