Lenders turned down 24.5% of VA refi applications in 2024, compared with 37.3% in the previous year.

Changes include a reduction of credit score requirements and an elimination of seasoning requirements for DSCR refinances.

The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.

The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.

An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.

The Trump administration will usher in a "Golden Age of homeownership," according to HUD Secretary Scott Turner.

Shareholders sued Rocket in 2021 following a stock sale, claiming that Rocket sold stock when officials at the company had material nonpublic information suggesting that Rocket’s business — and share price — were poised to decline.

“People are pausing because of rampant uncertainty,” said Michael Fratantoni, chief economist and a senior vice president of research and business development at the MBA.

“Fannie Mae and Freddie Mac acting more private but still being in conservatorship might be the best of both worlds,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.

The Garrett, McAuley & Co. consulting firm believes the home-lending industry "probably needs to cut costs even more.”