Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.

Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.

The Federal Open Market Committee looks unlikely to cut the federal funds rate at its next meeting, in mid-June.

President Trump vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.

Changes include a reduction of credit score requirements and an elimination of seasoning requirements for DSCR refinances.

The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.