The One Big Beautiful Bill included a plethora of tax breaks for individuals and businesses. The bill also sharply reduced the CFPB’s budget.

Originations of new HELOC commitments and closed-end second liens ticked up by 2.1% in the first quarter of 2025 compared with the previous quarter. Bank of America lost its spot as the top HEL lender. (Includes three data tables.)

Whole-company M&A deals are becoming more prevalent, but if the Federal Reserve suddenly cuts rates, the outlook could change.

The nonbank share of total originations increased from 65.2% in 2024 to 66.4% in the first quarter of 2025. Four of the five largest lenders in the residential mortgage market are nonbanks. (Includes two data tables.)

The Mortgage Bankers Association supports many of the housing-related provisions included in the bill proposed last week by Senate Republicans.

Industry insiders push the National Directory of New Hires as an alternative to a current process involving the IRS as a way to verify income and employment while expanding the digitization of the mortgage process.

Bill to limit trigger leads passes in House; Fannie economists see higher interest rates; home prices decline in April; HUD on the move; FHFA directs GSEs to propose using cryptocurrency in calculations for mortgage applicant’s reserves.

The Mortgage Bankers Association has suggested the FHFA end its tri-merge process, replacing it with a single credit report rather than the bi-merge model as currently planned.

Wells Fargo has the freedom to increase activity in various financial products now that the bank is out from under an asset cap. And officials at the bank have plenty of plans for growth, but not with mortgages.

Home lending is picking up, but not dramatically. And that means mortgage bankers are being cautious about hiring.