Under a proposed rule, the agency would let most nationally chartered firms off the hook for heightened regulatory standards. The rule would raise the bar from $50 billion to $700 billion of assets and leave only eight firms subject to heightened regulation.
The company's servicing valuations fell but by less than in previous quarters. Lower rates both aided production and created recapture opportunities.
The government-sponsored enterprise has reportedly added a new vendor to a test in which it buys certain loans without title insurance or attorney opinion letters.
The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers Association data released Wednesday.
Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National Association of Realtors.
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Brinton joins the mortgage industry trade group after previously holding accounting leadership positions at a range of business organizations and nonprofits.
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Mamdani issued several other orders, including one that created a new office devoted to community engagement and three that concern housing and real estate.
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The number of remodeling establishments hit at a record high earlier this decade and now accounts for over 60% of home construction-related businesses.
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The government-sponsored enterprise is under fire from dozens of the more than 100 workers it fired last spring for allegedly committing fraud.
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A definitive move could occur as early as fiscal year 2026 or take until 2033, depending on what the government is willing to do, according to one analyst.
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The Federal Home Loan Bank of Chicago will be offering more funding and higher per-member limits as part of its 2026 Community Advance program.
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Moving towards bank-like capital standards for all independent mortgage banks that sell loans to Fannie Mae and Freddie Mac could limit consumer access to mortgage credit, writes Community Home Lenders Association executive director Scott Olson.
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The big threat to the mortgage banking community comes from any future Fed sales of mortgage-backed securities.
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Down payment assistance programs allow lenders to take concrete action to promote the Mortgage Bankers Association's "Home for All" initiative. Chrane details the issues to navigate in using them.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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