Officials at Dynex said the poor performance was due to widening mortgage spreads during the later stage of the first quarter.

The improvement in mortgage performance seen in early 2026 was weaker than in the first quarter of the prior two years. Much of the difference was due to an increase in loans 120+ days delinquent, with particular issues involving FHA mortgages. (Includes two data tables.)

The book value for a large group of real estate investment trusts that focus on mortgage-backed securities declined by an average of 5.1% during the first quarter of 2026, according to projections by analysts at Citizens JMP Securities.

Fifth Third Bank generated a gain-on-sale margin from mortgages of 1.47% during the third quarter of 2026.

“While speculation continues around the potential privatization of the government-sponsored enterprises, Morningstar DBRS does not view any changes to [their] status as likely for the length of the credit rating outlook period given the complexities and potential consequences of such an action, especially considering the current macroeconomic environment,” the rating service said.

RecFi was set to issue a $143.3 million ABS backed by loans for boats and recreational vehicles. The issuer indefinitely postponed the issuance amid volatility in the financial markets.

The decline in revenue was linked to both revenue from servicing and changes in the value of mortgage servicing rights.

Some 118,727 properties had foreclosure filings in the first quarter of 2026.

“The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs and declines for consumer confidence have slowed the market,” said Bill Owens, chairman of NAHB.

The bidding war between CrossCountry Mortgage and United Wholesale Mortgage started much earlier than previously known.