One servicing advisor said he has “deals in progress,” just not as many as this time last year.

Sachem's expenses spiked in 2024, including a $26.9 million provision for credit losses on loans held for investment.

Fannie Mae projects that the average interest rate for a 30-year fixed-rate mortgage will fall to 6.3% by the end of 2025.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

Cenlar was the runner-up with $742.0 billion of contracts at the end of 2024.

In February, MBA was projecting a 25% chance of a recession within the next 12 months. Now, the projection is a 35% risk.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.

Home prices increased by 0.2% on a monthly basis in January, according to FHFA.

Freddie President Michael Hutchins will step in as interim CEO.

The volume of single-family mortgage servicing tied to Ginnie Mae rose 7.3% on an annual basis to $2.541 trillion as of the end of 2024.