The Federal Reserve remains on track to cut the federal funds rate only one time this year, according to Mike Fratantoni, an executive vice president and chief economist at the Mortgage Bankers Association.

Originations of agency high-balance mortgages increased by 48.6% to $53.83 billion in 2024.

Guild generated only $800 million of net income from its origination segment in the fourth quarter.

The Mortgage Bankers Association is eager to see McKernan and Pulte confirmed.

A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.

Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.

Only 12 banks reported a loss from their mortgage-banking operations in the fourth quarter.

Goldman issued a similar deal with home equity lines of credit in October.

"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

To this point, identifying loans for voluntary partial cancellation has been done manually.