The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.

FHA activity fell 16.8% while VA production was down 15.1% from January.

loanDepot’s gain-on-sale margin dropped from 3.33% in the third quarter to 2.60% in the fourth quarter.

Demand for both purchase mortgages and refinances increased last week.

Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.

The online lender focuses on purchase mortgages.

Clawback activity peaked in 2023 in the wake of the refinance boom.

The February lull is a common seasonal occurrence.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.