Delinquency rates remain at low levels for multifamily mortgages in Ginnie MBS, though modified loans accounted for 18% the outstanding market. (Includes data chart.)

Wells Fargo and JPMorgan Chase, the largest bank mortgage lenders, reported significant increases in the first quarter. But PlainsCapital Bank and Federal Savings Bank both posted double-digit declines.

Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.

Then again, Fannie and Freddie don’t buy everything that’s eligible. In recent months, there has been a burst of non-agency MBS issuance backed by GSE-eligible loans...

For some sellers, the curbs don’t represent much of a bump in the road. For Quicken Loans, the top GSE seller over the 12-month period, investor/second-home loans were roughly 5.5% of its sales to both Fannie and Freddie.

Some sellers may be able to redistribute their sales of investor and second-home mortgages to meet new Fannie and Freddie purchase limits. But many will have to sell fewer of the loans. (Includes two data charts.)

The conventional-conforming market saw solid gains from retail lenders and wholesale-broker platforms, but correspondent production was off 3% in the first quarter of 2021. (Includes two data charts.)

Ball game over for depository residential originators?

New loan production in bank mortgage banking operations was down slightly in the first quarter. Loan sales also slumped. (Includes two data charts.)

Can the rampage of nonbanks in the primary mortgage market drive securitization rates higher for jumbo mortgages? (Includes data chart.)