Recent inflation trends along with the strong jobs report for January “suggest the lower likelihood of a rate cut” at the next Federal Open Market Committee meeting, according to Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.

Fannie projects that the average interest rate on a 30-year fixed-rate mortgage will hold at 6.1% in the second quarter before declining to 6.0% in the third quarter and then remain at that level through the end of 2027.

VA is set to brief members of Congress on the new program and then head toward implementation.

Union Home Mortgage hired a national vice president of mergers and acquisitions.

The Fed will soon issue a proposal to loosen capital requirements for bank holdings of mortgage servicing rights and a proposal loosening capital requirements for mortgages held in portfolio by banks.

In October, FHA launched long-awaited updates to its waterfall, instating a trial payment plan that a borrower would have to complete before taking a permanent loss-mitigation option.

Marina Walsh, a vice president of industry analysis at the MBA, suggested that the rise in FHA delinquency rates could soon slow.

Onity posted net income of $127.0 million in the fourth quarter, compared with a $21.0 million profit the previous quarter.

Some $307.0 billion of Cenlar's subservicing portfolio is in the process of leaving Cenlar or has provisions allowing a move to a different subservicer if Cenlar is sold.

The agencies agreed to implement four recommendations from the Government Accountability Office.