The increase was driven by purchase mortgages, with volume up 11.3% on a monthly basis to $67.87 billion.

The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.

PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”

FHFA and FHA issued new standards for reconsiderations of value.

The GSEs established a formal definition for mortgages to first-generation homebuyers.

Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.

Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.

FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.

The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.

Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.