The Federal Reserve remains on track to cut the federal funds rate only one time this year, according to Mike Fratantoni, an executive vice president and chief economist at the Mortgage Bankers Association.

Originations of agency high-balance mortgages increased by 48.6% to $53.83 billion in 2024.

Guild generated only $800 million of net income from its origination segment in the fourth quarter.

A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.

Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.

Only 12 banks reported a loss from their mortgage-banking operations in the fourth quarter.

Goldman issued a similar deal with home equity lines of credit in October.

"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.

Rep. Mike Flood, R-NE, pointed to regulations (largely at the state/local level) and the cost of materials as the main drivers limiting the supply of homes for sale.