The REIT had $130.3 million of net income in the first quarter, down 72.5% compared with the previous quarter.

“A decline in interest rates resulted in higher valuations,” Redwood noted.

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.