The appeal follows a 2-1 ruling that would allow the Trump administration to greatly reduce staffing levels and activity at the CFPB.

"And you will see this in the new year, I will announce some of the most aggressive housing reform plans in American history," President Trump said.

The House Financial Services Committee approved the Housing for the 21st Century Act on a 50-1 vote.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

Locks for mortgages declined by 4.2% on a monthly basis in November, according to Mortgage Capital Trading.

Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.

The shifts in October continued a trend seen throughout the year in the mortgage market.

Kenny Smith retired from Deloitte Consulting in 2020 after 27 years with the firm.

The homebuilder said the decline in its average sale price in the past year was “primarily due to continued weakness in the market and an increased use of sales incentives offered to homebuyers.”

“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.