TD held $42.98 billion of first-lien mortgages in portfolio as of the end of September.

Trump directed federal agencies to identify ways to lower the cost of housing and expand housing supply.

The bank anticipates annual expense savings of $17 million from the move.

Scott Bessent, nominee to head the Treasury, didn’t mention the GSEs in his confirmation hearing last week.

Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.

The president-elect said Bill Pulte will help “restore the American Dream for all.”

Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.

It would take Congressional action to create an explicit guarantee, a scenario almost no one expects to happen.

The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.

Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.