Potential homebuyers are showing stronger demand for mortgages than they were a year ago, even though interest rates are higher now. Economists at Fannie Mae revised their projections for mortgage originations upward last week.

The bills with endorsements from the MBA marked up by a House committee didn’t garner support from Democrats, making it unlikely that they’ll be signed into law during the Biden administration.

The nonbank also saw low servicing-related income due to a large loss tied to hedging.

Originations dropped to varying degrees during the year at all of the top 10 lenders.

The REIT bounced back after losses in the previous two quarters.

“There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.

Rising interest rates helped to lift the value of the nonbank's MSRs.

Applications declined somewhat as interest rates increased.

Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.

The Mortgage Bankers Association raised concerns about the new requirements.