The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.

UWM presently uses two subservicing vendors to handle its monthly processing chores: Cenlar FSB and Mr. Cooper, the latter of which is being sold to Rocket.

FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.

Property tax and insurance costs now account for more than 20% of a mortgage payment.

Pulte reiterated that movements in interest rates on mortgages will help to guide GSE reform.

The data the Federal Reserve relies on shows a slowing economy but also increased risk of inflation.

There was also a slight year-over-year decline in Fannie servicing.

Fannie's previous forecast was released just prior to changes in tariff policies.

The Consumer Financial Protection Bureau has already followed through with the directive.

The REIT also had a $98.8 million loss during the quarter on interest rate swap and swaption agreements, which are used for hedging.