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.

ABS issuance tied to business financing grew by 52.9% from 2023 to $105.33 billion.

White House Press Secretary Karoline Leavitt said an executive order aimed at reducing federal spending remained in effect.

Late on Jan. 27, the Trump administration ordered a pause for federal loan and grant activity, but the vague wording of the order prompted uncertainty for the mortgage market.

Non-core products are areas of the market in which non-agency financing is seen as being able to compete with Fannie Mae and Freddie Mac.

FHFA directors have typically been technocrats with backgrounds in housing finance or federal regulation.

With Acra and its owner, HPS Investment Partners, New York, slated to be sold to BlackRock later this year, Keith Lind, CEO of Acra, anticipates that insurance companies will be lining up to buy whole loans from the lender.

Early indicators suggest that the 2025 spring homebuying season may look similar to 2024, according to CoreLogic.

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