A proposal from FINRA to reduce the timeframe in which trades of MBS and ABS must be reported didn’t sit well with some industry participants, prompting the SEC to take a closer look at the proposal.

Servicing outstanding increased by an estimated 0.3% in the first quarter. Meanwhile, Mr. Cooper Group, which recently became the largest primary servicer, boosted its portfolio by 14.6% from the end of 2023. (Includes three data tables.)

Freedom Mortgage more than doubled its production from the fourth quarter to the first. Mike Patterson, COO of the nonbank, said the growth was driven by attractive loan characteristics.

FHFA and FHA issued new standards for reconsiderations of value.

Some MBS payoffs that were reinvested in agency MBS will instead be invested in Treasury securities.

Changes in the fair value of MSRs boosted Ocwen's earnings.

The GSEs established a formal definition for mortgages to first-generation homebuyers.

Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.

On an annual basis, mortgage applications were down 9.2%.

Home prices jumped in February after a slight decline the previous month.