Production, largely through the AmeriHome Mortgage correspondent unit, declined by 1.5% from the third quarter.

“It was an ‘AcquiHire’ type scenario,” said Rick Roque, an industry consultant who also holds the title of head of growth at NFM Lending.

Scott Bessent's nomination for secretary of the Treasury Department was approved on a 68-29 vote.

Deliveries to Fannie Mae and Freddie Mac of mortgages with private MI more than quadrupled from the third quarter, hitting $6.58 billion in the fourth quarter.

The administration hasn’t come up with a business plan to replace the current system.

The brunt of insurance burdens tied to natural disasters fall on property insurance providers, though private MIs could see an uptick in delinquencies.

“The totality of indicators in recent months suggests that neither aggregate demand in the economy nor inflation pressures eased by as much as was previously expected,” the economic team wrote.

Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.

Mr. Cooper says it achieves faster closing times and improves customer satisfaction when using remote online notarization.

Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.