In 2024, Ginnie MBS accounted for about 20% of large-bank investment security holdings with zero risk weight.

ARM lending fell by at least 30% on a sequential basis at the top three producers.

Retail lending among lenders in the analysis declined sharply during the first quarter while the correspondent and broker channels posted more modest declines in nonconforming production. (Includes two data tables.)

ARMs accounted for 12.1% of total residential mortgage originations in the first quarter of 2025, down more than a full percentage point compared with the previous quarter. Still, production of the loans was up from the first quarter of 2024. (Includes data table.)

Impairment rate on securitized non-QMs rises in May; Rocket offering bridge loans; architecture firm to acquire non-QM lender; Chimera unit aggregating HEIs for securitization.

New HELOC commitments accounted for 80.6% of HEL lending in the first quarter of 2025.

RateDNA is tied to Aspire Homes Realty, a real estate brokerage focused on investment properties.

“Borrowers should find comfort in the stability of mortgage rates,” said Sam Khater, chief economist at Freddie Mac.

A growing share of residential mortgages originated during the first quarter of 2025 flowed into MBS. Some of the shift looks to be tied to a decline in demand for mortgages at banks. (Includes data table.)

Banking regulators proposed modifying the enhanced supplementary leverage ratio that applies to large banks. If implemented, it could lead to the banks to increase their holdings of Ginnie Mae MBS.