Scott Bessent's nomination for secretary of the Treasury Department was approved on a 68-29 vote.

The trade group asks that compliance deadlines for the bureau's nonbank registry rule be postponed for at least 60 days.

Deliveries to Fannie Mae and Freddie Mac of mortgages with private MI more than quadrupled from the third quarter, hitting $6.58 billion in the fourth quarter.

Sen. Elizabeth Warren, D-MA, the ranking member of the committee, said she was prepared to vote in favor of Turner’s nomination but first wanted to see results from a pending background check on the nominee by the Federal Bureau of Investigation.

Some non-agency MBS issuers are excluding Maryland loans from transactions due to the new regulation.

The administration hasn’t come up with a business plan to replace the current system.

The brunt of insurance burdens tied to natural disasters fall on property insurance providers, though private MIs could see an uptick in delinquencies.

Nonbanks handled 60.1% of the $6.56 trillion of GSE single-family servicing as of the end of 2024.

“The totality of indicators in recent months suggests that neither aggregate demand in the economy nor inflation pressures eased by as much as was previously expected,” the economic team wrote.

Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.