Some 82 banks and thrifts completed repurchases and indemnifications of residential mortgages during the first quarter of 2025. Repurchase volume was down 16.3% compared with the previous quarter. (Includes data table.)

Zillow’s “enhanced markets” strategy pairs high-performing real estate agents with loan originators from Zillow’s mortgage unit. The effort helped Zillow double its originations on an annual basis in 2024.

Fannie will take the first losses on the transaction, with additional losses borne by Bayview and investors in the deal. That’s a change from the typical CRT from Fannie where a third-party like Bayview isn’t involved.

In September, FINRA received approval from the SEC for a plan to require one-minute reporting of many MBS and ABS trades. Now the self-regulatory organization is scuttling implementation, citing concerns from industry participants.

Bank of Hope anticipates three-year earn-back period following sale of low-yielding MBS; Figure touts strong demand for HELOC securitization; Wells transferring some non-agency MBS servicing to Shellpoint; Hooters whole-business securitization downgraded again.

Servicing outstanding increased by 2.8% on an annual basis as of the end of the first quarter of 2025. The largest gains in servicing during that time were seen at Ginnie Mae, whole loans at non-depository institutions and non-agency mortgage-backed securities. (Includes two data tables.)

Wells Fargo has the freedom to increase activity in various financial products now that the bank is out from under an asset cap. And officials at the bank have plenty of plans for growth, but not with mortgages.

Bayview to acquire Guild; Senate approves trigger leads bill; REIT to acquire non-QM lender, Fairway to acquire retail lender; trade groups seek exemption for real estate from potential new tax.

The transaction covers a pool of mortgages with an unpaid principal balance of $6.4 billion.

How are residential construction folks feeling these days? Answer: Not so good...