With Wells Fargo exiting the correspondent channel in the first quarter, no single lender filled the bank’s void. Still, the correspondent channel actually gained market share in the conventional-conforming sector. (Includes two data charts.)

The volume of mortgages classified as held for sale at banks and thrifts ticked up in the first quarter, ending a long decline. Loan sales by banks also outpaced originations of mortgages intended for sale. (Includes two data charts.)

There was no surge in buyback activity at banks and thrifts in the first quarter. And the depositories aren’t expecting a deluge as reserves for repurchases declined. (Includes data chart.)

CrossCountry, Guild offering downpayment assistance; majority of loan originators living paycheck to paycheck; legislation would limit trigger lead activity; and more.

Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.

The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.

Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...

The Bank Term Funding Program has issued more than $100 billion in outstanding funding tied to agency MBS and Treasury securities held by banks.

SEC staff are considering revisions to a proposed rule that would prohibit conflicts of interest in the securitization market. But the agency reportedly won’t budge on some portions of the rule.

The Supreme Court agreed to take a case this week involving liability under the Fair Credit Reporting Act for a mortgage from the U.S. Department of Agriculture’s Rural Housing Service.