The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

The decision to revive the pilot came just days before President Biden’s State of the Union address.

“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.

The pilot will only be available "in a handful of states."

FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.

Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.

The MBA has concerns while the Community Home Lenders of America supports the effort.

The GSEs noted that if these fees to real estate agents continue to be customarily paid by the property seller according to local convention, they won't be subject to financing concessions limits.