Sachem's expenses spiked in 2024, including a $26.9 million provision for credit losses on loans held for investment.

Fannie Mae projects that the average interest rate for a 30-year fixed-rate mortgage will fall to 6.3% by the end of 2025.

The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.

The CFPB plans to dismiss its case against Townstone and reverse a settlement the parties reached last year.

The change applies to borrowers such as those with work visas.

The rate of growth for non-agency MBS outstanding in 2024 was four times that of the growth in agency MBS.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

Cenlar was the runner-up with $742.0 billion of contracts at the end of 2024.

FHFA's move alleviates industry concerns of duplicative oversight of lender compliance with unfair or deceptive acts or practices requirements.

In February, MBA was projecting a 25% chance of a recession within the next 12 months. Now, the projection is a 35% risk.