Is the White House being less than forthcoming about job cuts at HUD and DOGE finding “misplaced” funds at the agency? You decide. But mortgage bankers are getting nervous.
Work may have ceased temporarily at the CFPB while the regulator undergoes leadership changes, but lenders are advised that Home Mortgage Disclosure Act reporting requirements remain in effect.
Economists caution that forecasts for interest rates on mortgages come with more uncertainty than usual due to Trump administration policies on tariffs and other issues.
Rate is contemplating selling its title unit, a move that comes amid some states capping how much coverage providers can charge consumers. Meanwhile, the nonbank is selling MSRs on a regular basis.
Although it booked a loss in the fourth-quarter, MFA believes a variety of management changes at its business-purpose affiliate lender will boost originations in 2025.
Redwood has grown its bank partnerships over the last couple of years to prepare for a market in which depositories want to move away from mortgage lending.