Several REITs have not yet reported first-quarter financials, so the sector’s sell-off may have been somewhat larger.

The flow of first-time buyer loans was up 20.0% from the first five months of 2019...

Correspondent production of conventional-conforming loans fell 17.3% on a quarterly basis, reducing the channel’s share to 36.7%, the lowest reading in the past five years.

Most of the industry's dramatic $245 billion decline in servicing for others was the result of a change in reporting practices at Flagstar Bank. However, a number of large banks continued to back away from the business of servicing for others. (Includes data chart.)