“We control an overnight rate,” the Federal Reserve chair noted.

For the year, Annaly had $1.01 billion of net income after taking a $1.64 billion loss in 2023.

Gains on servicing and interest rate swaps helped Two Harbors return to profitability.

FHA servicing volume increased by 2.5% on a quarterly basis, hitting $1.39 trillion at the end of the fourth quarter of 2024.

Production, largely through the AmeriHome Mortgage correspondent unit, declined by 1.5% from the third quarter.

Chase — the largest servicer in the nation — assigned a value of 140 basis points to its third-party servicing portfolio at Dec. 31.

The brunt of insurance burdens tied to natural disasters fall on property insurance providers, though private MIs could see an uptick in delinquencies.

Nonbanks handled 60.1% of the $6.56 trillion of GSE single-family servicing as of the end of 2024.

“The totality of indicators in recent months suggests that neither aggregate demand in the economy nor inflation pressures eased by as much as was previously expected,” the economic team wrote.

Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.