Combined issuance of Fannie Mae CAS and Freddie Mac STACRs came to $8.31 billion in 2024 — the lowest total since 2013, the year GSE CRT activity started. (Includes data table.)

STACR and ACIS activity in 2025 is expected to be similar to 2024, or slightly higher, due to a larger pipeline of loans eligible for inclusion in CRT.

The structured products group at Atlas stepped up to finance servicing rights owned by loanDepot. The line replaces one the nonbank had with Flagstar.

The Trump administration has initiated an effort to end leases on office space used by the federal government. Some properties in commercial MBS have government leases but few deals face elevated exposures, according to S&P.

The lending affiliate of the Onity Group paused its non-agency operations in Maryland as a new state regulation requires all parties involved in the mortgage lending process to be a licensed mortgage lender.

Cyberattacks against mortgage companies are a growing concern. Insurance can cover some of the financial losses, but premiums are spiraling out of control, some executives report.

An executive order directs agencies to identify at least 10 regulations or guidance documents to repeal for every new regulation issued.

FHFA must turn conservatorship directives into regulations before releasing the GSEs from conservatorship, according to former agency director Mark Calabria. But an explicit guarantee is unnecessary, he said.

WaFd and Ally recently threw in the mortgage towel just as mortgage demand from borrowers is expected to improve and the Trump administration is likely to ease rules for banks.

Lenders should work to reduce the Latino homeownership gap, according to Laura Arce, senior vice president for economic initiatives at UnidosUS said.