Bulk transfers of Fannie and Freddie servicing rights increased significantly from the fourth quarter, but the Ginnie market was dead. New bulk buyers topped the ranking. (Includes three data charts.)

Fannie Mae, Freddie Mac and Ginnie Mae reported sharp declines in all delinquency categories during the first quarter of 2021, when loan performance typically improves.

The Mortgage Bankers Association said updating state licensing laws to reflect the evolution in work location wouldn’t weaken state laws and rules necessary to protect borrowers.