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.

Mortgage delinquencies in LA tied to wildfires increased from 700 at the end of January to 4,100 at the end of February.

Originations are up compared with the first quarter of 2024 and Onity could tap a large deferred tax asset this year.

While originations ticked up for some, gain-on-sale margins declined during the fourth quarter.

“In the near term, we expect volatility to continue and expect rates to remain higher until there are clear signs that inflation is moderating or the economy falters under the weight of pending policy changes,” said Julian Evans, chief financial officer at Cherry Hill Mortgage Investment.

Michelle Bowman has expressed industry-friendly views on various regulatory issues.

Intercontinental Exchange says the average property insurance premium has nearly doubled since 2015.

“Much of that is seasonality,” said David Spector, chairman and CEO of PennyMac Financial Services.

Nonprime servicing volume among companies in the analysis has increased every quarter since 2020.