Rep. Maxine Waters, D-CA, the ranking member of the House Financial Services Committee, called on Democrats in the House to seek a conference committee process for H.R. 6644, the 21st Century ROAD to Housing Act.

UWM has two days to improve its proposal for acquiring Two Harbors after CrossCountry Mortgage and an unnamed bidder placed rival offers.

Some $2.71 trillion of Ginnie servicing was outstanding as of the end of 2025, up 6.8% from 2024.

“We welcome regulators’ efforts to enable banks of all sizes to make more loans to American businesses and households, fueling economic growth while maintaining resilience in the banking system,” said trade groups representing banks.

One of the goals of the proposals is to help banks better compete with nonbanks.

"We may still see the 30-year dip back below 6%, but a refinance rally feels farther away than it did a month ago," said Eric Orenstein, a senior director at Fitch Ratings.

The $87.67 billion of removals were largely tied to borrower payoffs.

Due to accounting rules, earnings from the loans locked during the third quarter of 2025 were recognized in the third quarter rather than the fourth quarter.

Institutional Shareholder Services recommended that Two Harbors shareholders vote against the planned acquisition by UWM.

VA proposed backdating eligibility for the program to May 1, 2025, picking up where the Veterans Affairs Servicing Purchase program left off.