The book value for a large group of real estate investment trusts that focus on mortgage-backed securities declined by an average of 5.1% during the first quarter of 2026, according to projections by analysts at Citizens JMP Securities.

Fifth Third Bank generated a gain-on-sale margin from mortgages of 1.47% during the third quarter of 2026.

“While speculation continues around the potential privatization of the government-sponsored enterprises, Morningstar DBRS does not view any changes to [their] status as likely for the length of the credit rating outlook period given the complexities and potential consequences of such an action, especially considering the current macroeconomic environment,” the rating service said.

RecFi was set to issue a $143.3 million ABS backed by loans for boats and recreational vehicles. The issuer indefinitely postponed the issuance amid volatility in the financial markets.

The decline in revenue was linked to both revenue from servicing and changes in the value of mortgage servicing rights.

Some 118,727 properties had foreclosure filings in the first quarter of 2026.

“The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs and declines for consumer confidence have slowed the market,” said Bill Owens, chairman of NAHB.

The bidding war between CrossCountry Mortgage and United Wholesale Mortgage started much earlier than previously known.

BofA, Chase and Wells all increased production by more than 40% on an annual basis in the first quarter of 2026. But demand for mortgages diminished in March amid rising interest rates.

The five largest lenders accounted for 21.5% of originations in 2025. Nonbanks produced 65.6% of all residential mortgages. (Includes two data tables.)