On an annual basis, mortgage applications were down 9.2%.

Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.

At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.

The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...

The $365.4 million deal is stocked with loans originated number a number of firms.

Elevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.

The REIT bounced back after losses in the previous two quarters.

“There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.

Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.