In post on X, FHFA Director Bill Pulte nudged the Federal Reserve chair to hike rates: “Jerome Powell cut rates right before the election at ‘higher’ levels of inflation. Why won’t he cut now?”

Fannie tender results; Fitch revises outlook for Freddie multifamily; Fannie announces winner of non-performing loan sale.

Income from production and servicing fell in the first quarter, but not by as much as origination volume. The MBA reported fewer firms were profitable than in the previous period. (Includes data tables.)

A 65-year-old senior accountant at CCM was told that the lender was shifting to a new business model and her job was being eliminated. However, the employee claimed she was fired due to her age.

Correspondent sales of mortgage loans to unaffiliated buyers increased 26.8% in 2024, led by CrossCountry Mortgage, Rate and United Wholesale Mortgage. (Includes data table.)

The MBA projects that nearly 30% of originations will be through eNotes in 2028, up from 10% now. eNotes can help reduce costs for lenders and improve customer service, according to industry participants.

Canadian startup Zown is offering its low commission and downpayment assistance services in California, marking its entry into the U.S.

Homes in areas with climate risk tend to be overvalued during mortgage refinancing, according to a study from the Massachusetts Institute of Technology Center for Real Estate.

In the wake of Trump’s social media posts pledging to retain the implicit guarantee for GSE MBS, industry analysts see signs for support for the administration’s plans for GSE reform.

JPM chief Jamie Dimon warned the bond market could crack up one of these days because the White House seems to be ignoring America’s debt problem.