According to an analysis by Inside Mortgage Finance of data from the Home Mortgage Disclosure Act, Open Mortgage originated $480.9 million of mortgages in 2023, with FHA loans accounting for 38.6% of that volume.

VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.

Brokers accounted for 19.1% of first-lien originations in the first quarter, up from 17.5% in the previous quarter.

The MBA anticipates that the fed will cut rates in September while some suggest there's a possibility that a rate cut won't occur until 2025.

"Current sentiment reflects pent-up frustration with the overall lack of purchase affordability," said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

Morgan Stanley and Chase are marketing prime non-agency MBS with loans eligible for sale to the GSEs.

Issuance jumped in May and volume year-to-date is well above the level of issuance seen in the first half of 2023. Investor demand has remained strong amid the surge in issuance.

The SEC or another federal entity should map credit ratings among competing rating services, similar to efforts by regulators in other countries, according to Morningstar. The firm said rating mapping can help keep competition strong among rating services.

Fitch is allowing ratings for certain CRT issuance from banks to be higher than the rating on the issuer. The deals need various features to receive higher ratings.

Ginnie offers new multiclass aggregation options; Fannie increases social bond disclosure; Annaly touts ESG efforts; new nonprofit advocates for greater parity for women in mortgage capital markets.