The bulk of the first-quarter decline was in subservicing.

The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.

Mr. Cooper Group and Angel Oak Companies are separately marketing their first securitizations of home equity loans.

Interest rates on mortgages increased by nearly 30 basis points during a two-week span.

Since he was appointed by President Trump as FHFA’s leader, Pulte has revamped board membership at the GSEs and fired Freddie’s CEO.

The bank’s gain-on-sale margin declined from 21 basis points in the fourth quarter to 19 bps in the first quarter.

The decline in profitability in the first quarter of 2025 was tied to hedging and a loss on the sale of some assets.

PulteGroup and NVR boosted mortgage originations on an annual basis in the first quarter of 2025.

Loans originated by CrossCountry Mortgage accounted for $942.1 million of mortgages in expanded-credit MBS issued in the first quarter of 2025. Annaly Capital Management’s Onslow Bay unit remained the largest issuer of expanded-credit MBS. (Includes three data tables.)

Proponents of the non-agency market see GSE reform as an opportunity to take steps to increase the non-agency share of activity in the secondary market. The Trump administration’s plans for the secondary market remain unclear.