The Fed’s Bank Term Funding Program allows banks to receive loans on favorable terms for the face value of agency MBS and Treasury securities.

FHA is making moves on multifamily loans...

Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.

Purchase mortgage application levels are still well below the activity seen at this time last year.

Home prices increased again on a monthly basis in April.

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.