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.

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.