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.

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

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.

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

Nonbanks handled 60.1% of the $6.56 trillion of GSE single-family servicing as of the end of 2024.

Mr. Cooper Group ended the year as the top bulk buyer with $175.93 billion in acquisitions.

TD held $42.98 billion of first-lien mortgages in portfolio as of the end of September.

Scott Bessent, nominee to head the Treasury, didn’t mention the GSEs in his confirmation hearing last week.

Lakeview Loan Servicing remained the top agency servicer, with a $732.56 billion portfolio.