The decline was driven by conventional-conforming mortgages and government-insured mortgages. The securitization rate for non-agency mortgages actually jumped in the first quarter. (Includes data table.)

Ally Bank, Huntington National Bank and Santander Bank are in the market with credit-linked notes tied to auto loans.

Banks tightened underwriting standards for HELOCs in the first quarter and demand from borrowers declined. The only HEL lender among the top five to increase production in the first quarter of 2024 was a nonbank. (Includes three data tables.)

The CFPB has permanently banned three companies from servicing reverse mortgages. Separately, the bureau issued a proposed order against Freedom Mortgage for repeated submissions of faulty HMDA data.

The spring homebuying season ended with a thud in 2024.

Sutherland and NOVAD formed a servicing operation in 2014 to service HECMs on behalf of HUD.

The groups noted that the availability of property insurance in California is declining and prices are rising.

The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.

J-T Gaietto, chief operating officer at ConvergentDS, a firm that helps assess cyber risks, said obtaining cybersecurity insurance “isn’t the easiest thing to accomplish.”

Home prices are slowing and an expected decline in interest rates could prompt further changes in the trajectory of home prices.