Pennymac was the largest correspondent lender in the conventional market in the first quarter, according to a new Inside Mortgage Trends ranking and analysis.

Proposed legislation would codify many of the guidelines put in place by FHFA under its authority as conservator.

Council of the Federal Home Loan Banks CEO Ryan Donovan recommended several revisions to the latest Basel III Endgame proposal in a comment letter to regulators.

The rating agency still expects home prices to rise this year but at a slower pace than in 2025.

Borrowers aren't shopping for the best rate.