“Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle East kept oil prices elevated, along with the risk of a broader inflationary shock,” said Joel Kan, a vice president and deputy chief economist at the MBA.

Home prices declined by 0.2% on an annual basis in February, the first annual decline since 2012, according to First American Data & Analytics.

The National Consumer Law Center predicted that implementing the mortgage-focused order will “re-ignite the market conditions” that led to the financial crisis of 2008.

“By leveraging the existing shared services infrastructure of our joint venture channel, we are well positioned to scale this business and add a new source of profitable growth,” said Anthony Hsieh, CEO of loanDepot.

Seneca owned mortgage servicing rights with an unpaid principal balance of $42.31 billion as of the end of December, according to estimates by Inside Mortgage Finance.

Some $295.0 billion of non-agency jumbos were originated in 2025, a nearly 40% increase on an annual basis.

The MBA is seeking changes to some provisions when the House takes up the bill.

Interest rates on mortgages are back above where they were before President Trump directed the GSEs to buy $200 billion of MBS.

Loveen Advani, chief financial officer at Better, projected that the company will hit breakeven status by the third quarter of 2026, when looking at earnings before interest, taxes, depreciation and amortization.

Starts of single-family homes declined by 2.8% on a monthly basis in January.