Banks and thrifts repurchased $213.6 million of single-family mortgages during the third quarter, an 11.5% decline from the previous period.

Chase expects a limited financial impact on its business from the LA-area wildfires.

Expanded-credit MBS issuance rose 13.2% in the fourth quarter of 2024 while prime non-agency MBS volume was down 2.9%.

Originations at the two big banks increased by around 7% on a quarterly basis in the fourth quarter.

The analysts said only legislation by Congress can address the government guarantee currently applied to Fannie Mae and Freddie Mac.

No longer is it a given that the Federal Reserve will cut short-term rates twice this year. And the 10-year Treasury rate is elevated.

A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.

Rate-term refis helped to drive up residential MBS issuance in the fourth quarter.

HUD alleged PHH charged convenience fees in violation of FHA requirements.

Rep. Derrick Van Orden, R-WI, said unelected VA officials shouldn’t have the authority to “write a $16 billion or $17 billion check” through creation of a loan-modification program.