House Republicans are considering ways to relax certain state and local requirements to encourage the construction of more homes at a lower cost.

Faced with an average 14% increase in insurance premiums last year, homeowners are electing higher deductibles and switching providers to ease their financial burdens, while others are weighing moving.

For many years, when households couldn’t afford to pay all their bills, they prioritized their auto loan payments. But as home prices have soared, mortgage payments have taken precedence.

Santander Bank was the largest issuer of vehicle ABS in 2024. The bank’s non-agency MBS effort has the ability to commit $2.5 billion in capital.

The growth is expected to be driven by a few repeat issuers. Only three credit unions were repeat issuers in 2024.

Recurring revenue loans are primarily underwritten based on the borrower’s annual recurring revenue rather than on loan cash flows. RRL ABS issuance is expected to reach $14.3 billion this year.

Some economists believe eliminating all GSE MBS would lower rates on Treasury securities and reduce the government’s borrowing costs.

Rocket Mortgage believes the $1.75 billion acquisition will boost its purchase origination volume and lower the cost of customer acquisitions. It will also add new data to Rocket’s artificial intelligence algorithm.

A bill recently introduced in Congress seeks to cap the number of delinquent loans the Department of Veteran Affairs can purchase through the VA Servicing Purchase program annually at 250. Mortgage industry participants strongly oppose the bill.

The Mortgage Bankers Association defended servicers from criticism for the financial incentives they receive from FHA home-retention programs, arguing that the work involved outweighed the compensation.