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.

Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.

Most of the fourth-quarter activity came from the Federal Reserve’s efforts to enhance its holdings of Freddie Mac paper.

Rep. Mike Flood, R-NE, pointed to regulations (largely at the state/local level) and the cost of materials as the main drivers limiting the supply of homes for sale.

The first Trump administration didn’t take many actions to boost the non-QM market, so the outlook is murky.

Rate bought Advocus — then known as Attorneys’ Title Guaranty Fund — in April 2022 for an undisclosed sum.

A decline in interest rates helped to increase demand for refis and purchase mortgages last week.