Mr. Cooper's owned servicing portfolio declined in the first quarter of 2025, the first decline posted by the nonbank since the second quarter of 2022.

The share of refis with low loan-to-value ratios delivered to the GSEs increased in the first quarter of 2025.

There was also a slight year-over-year decline in Fannie servicing.

In states with the highest volume of primary MI, purchase-mortgage activity was more weighted toward government-insured programs.

Just $1.03 million of Ishbia’s pay was in the form of stock awards.

The researchers said, "Despite these large effects, we find no evidence of an offsetting increase in lending for primary residences.”

An estimated $355.0 billion of mortgages were originated in the first quarter of 2025, up 10.9% from the same period a year ago.

CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.

PennyMac Financial earned $76.3 million in the first quarter of 2025, down 27.0% from the fourth quarter.

“Conventional delinquencies remain near historical lows, but FHA and VA delinquencies are increasing at a faster pace,” MBA noted.