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.”

Among the top 10 FHLB borrowers, only one added to its tally of outstanding advances in the first quarter.

CHLA said FHFA could direct the GSEs to establish subsidiaries to evaluate the creditworthiness of borrowers.

“There are lots of risks to the downside if this is not done in a deliberate way,” said Libby Cantrill, a managing director and head of public policy at PIMCO.