Residential mortgage repurchases by banks increased by 25.9% during the fourth quarter.

“In the near term, we expect mortgage rates to remain in a fairly narrow range, between 6.5 and 7%, which should support the spring housing market,” said Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association.

Originations are up compared with the first quarter of 2024 and Onity could tap a large deferred tax asset this year.

“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

“Fannie and Freddie should maintain their affordable housing footprint, including condo, investor and second home loans — without volume caps or fee increases unrelated to risk,” CHLA said.

No immediate replacement was announced for Stanley on Fannie’s board.

JPMorgan Chase reported a $32.24 billion decline in agency MBS holdings in its trading account during the fourth quarter.

Better’s originations increased by 20% on an annual basis to $3.6 billion in 2024.

Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.

Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.