The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion.

In April, Wells Fargo was the top seller of mortgages to Fannie and Freddie with $9.02 billion, followed by Quicken Loans and JPMorgan Chase…

PHH Mortgage continues to ooze losses as well…

In a number of cases, GSE seller-servicers cleaned up pipelines of pending or disputed buyback demands.

Some 91.8 percent of REIT MBS holdings ($211.95 billion) are in agency securities…

The nonprime residential market is getting more attention as the big product categories hit the skids.

Performance of non-QM loans has been strong, buoyed by good house-price appreciation and the fact there have been no lawsuits based on the ability-to-repay rule.

The 14 largest FHA originators were all nonbanks, led by Quicken Loans, Freedom Mortgage and loanDepot.

“Our assessment indicates that this change would not impact the MBS markets,” Fannie Mae said.

The key factor for the greater MI penetration was the relatively stronger performance of purchase-mortgage lending compared to refinance activity…