The Trump White House wants the Fed to cut rates but with employment healthy and U.S. deficits growing larger, that’s not likely to happen. One casualty: MBS prices.

Fannie Mae and Freddie Mac both saw a significant increase in CRT issuance in the first quarter. Fannie also boosted credit-risk insurance purchases, but ACIS purchases were down at Freddie. (Includes data table.)

The trade group said amendments to existing regulations, not just the elimination of certain regulations as a whole, are another form of deregulation.

Fintech firm Pagaya will issue an ABS backed by small, short-term consumer loans originated through point-of-sale service Klarna.

The bill includes planned extensions of several measures from the 2017 tax reform, and an extension of the mortgage interest deduction.

MBA is largely happy with changes made so far by the Trump administration. Bob Broeksmit, president and CEO of the MBA, said the administration is creating certainty, clarity and stability for mortgage companies.

The move will have an impact on current mortgage servicing operations, according to industry attorneys.

Non-QM lender/servicer Acra is in the hunt for a new CEO. Other changes may be in the offing too — as the sale of Acra’s parent, HPS, to BlackRock draws closer.

The federal deficit is putting upward pressure on mortgage rates. Meanwhile, HUD is working to allow new housing to be built on federal land.

Incenter, one of the granddaddies of the servicing brokerage business, has a new owner: tech shop Rocktop of Irving, TX.