Subservicers handled monthly processing work on 27.9% of outstanding residential loans as of the end of March.

Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.

Industry participants would prefer to see rules updated rather than rescinded.

Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.

The trade group said the DOJ should limit its actions to investigations of entities that are truly engaged in intentional discrimination.

Some 16 groups sent a letter of support ahead of a markup in the House. Those in support include the Mortgage Bankers Association and the National Consumer Law Center.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.

The first three months of 2025 marked the third consecutive quarter in which the retail channel accounted for less than 50% of total originations.