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.

As originations decline, the securitization rate shrinks.

JPMorgan led the pack with $75.3 billion of agency MBS held in its trading account at March 31...

The top earner among the 10 public origination/servicing shops was Frank Martell, CEO of loanDepot...