Even though their businesses depend on Fannie and Freddie, private mortgage insurance providers don’t seem worried about the Trump administration’s efforts to release the GSEs from conservatorship.
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.
Trump’s election win stalled the Biden administration’s effort to impose tougher capital requirements for banks. Federal regulators are likely to continue to work on the reforms, but in a more bank-friendly way.
Gain-on-sale is one of the most watched measurements of how a lender’s profitability is holding up. So far, GOS measurements at reporting companies have been a mixed bag.