Kenny Smith retired from Deloitte Consulting in 2020 after 27 years with the firm.

“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.

Holdings of MBS among REITs increased by 8.4% during the third quarter of 2025.

Fannie recently considered strengthening its net worth requirements for large nonbank issuers.

The lender has been originating non-agency reverse mortgages since 2018, and had been selling the loans to an unidentified third party through April 2025, according to Morningstar DBRS.

The unemployment rate increased from 4.4% in September to 4.6% in November.

Correspondent partner demand has led Planet Home Lending to activate the Ginnie Mae pools issued for immediate transfer program.

High-balance loans accounted for 4.4% of total agency MBS issuance in the third quarter.

Fannie’s MBS holdings spiked to $54.65 billion as of the end of the month.

“The council is working with member agencies to consider where aspects of the U.S. financial regulatory framework impose undue burdens and where they harm economic growth, thereby undermining financial stability,” Scott Bessent, secretary of the Treasury Department, said of the Financial Stability Oversight Council.