Much of the decline in income was tied to the fair value of investment securities as interest rates on mortgages increased during the quarter and spreads widened somewhat.

Scott Bessent's nomination for secretary of the Treasury Department was approved on a 68-29 vote.

The top three originators of mortgages backing expanded-credit MBS are Acra Lending, Angel Oak and A&D Mortgage.

Deliveries to Fannie Mae and Freddie Mac of mortgages with private MI more than quadrupled from the third quarter, hitting $6.58 billion in the fourth quarter.

Some non-agency MBS issuers are excluding Maryland loans from transactions due to the new regulation.

The administration hasn’t come up with a business plan to replace the current system.

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.

Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.