Rising mortgage interest rates are crushing the refinance market and creating headwinds for a struggling housing market. Agency single-family business in the second quarter sank to a three-year low. (Includes two data charts.)

Five former Ginnie Mae presidents offered advice to current President Alanna McCargo and her staff at a recent roundtable.

The Fed was supposed to begin letting assets roll off its balance sheet starting June 1. So far, there’s been little change.

Changes could be coming to the CFPB’s QM rule. Then again, maybe not. Meanwhile, second-quarter earnings season starts soon, giving us a look into originations and MSR marks at the megabanks.

Spreads on interest rates between jumbos and conventional-conforming mortgages are at some of the widest levels ever seen, driven by uncertainty on monetary policy and strong demand from banks for jumbos.

Another blow-out earnings quarter from Freddie Mac. But earnings were juiced a bit by loan-loss reserve recaptures. Meanwhile, its net worth continues to increase.

The refinance sector took the biggest hit in the agency market during the first quarter of 2022, though it still accounted for just over half of the loans sold to Fannie, Freddie and Ginnie. (Includes two data charts.)

Both the new capital rule and updated eligibility requirements for GSE seller/servicers could affect participants.

loanDepot’s founder is busy buying luxury homes these days. In a few weeks we’ll know how well the company did in the fourth quarter. Meanwhile, non-agency MBS production remains brisk.

Refinancing continued to account for most new business at Fannie Mae, Freddie Mac and Ginnie Mae in 2021, and the biggest gain was in purchase-mortgage activity. (Includes two data charts.)