At March 31, USB serviced $216.7 billion of one- to four-family mortgages, almost flat compared to yearend.

Pershing Square founder Bill Ackman says both GSEs could exit conservatorship by the end of 2027 if certain assumptions are met.

“They’re making money, but they just don’t know how much longer they can hang on,” said Mark Garland, managing director of SitusAMC.

Joseph Gormley is the new executive vice president and chief operating officer at Ginnie Mae.

The new forecast follows tariff policy changes by the Trump administration.

Large nonbanks accounted for 52.6% of mortgages delivered to the government-sponsored enterprises in the first quarter of 2025.

The uptick in planned issuance follows a period of weak demand from investors due to uncertainty on the economic outlook as tariff policies fluctuate.

Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.

Mortgages with interest rates above 6.0% accounted for 18.2% of the agency servicing market as of the end of March.

JPMorgan Chase had a 47.4% improvement compared to 1Q24 and Wells Fargo was us 25.7%.