Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.

It would take Congressional action to create an explicit guarantee, a scenario almost no one expects to happen.

The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.

Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.

The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.

“We’re still not at the level of profitability where we should be in home lending, just given as we continue to wind down that servicing book,” said Charlie Scharf, CEO of Wells.

Banks and thrifts repurchased $213.6 million of single-family mortgages during the third quarter, an 11.5% decline from the previous period.

Chase expects a limited financial impact on its business from the LA-area wildfires.

Expanded-credit MBS issuance rose 13.2% in the fourth quarter of 2024 while prime non-agency MBS volume was down 2.9%.

Originations at the two big banks increased by around 7% on a quarterly basis in the fourth quarter.