“Much of that is seasonality,” said David Spector, chairman and CEO of PennyMac Financial Services.

FHA activity fell 16.8% while VA production was down 15.1% from January.

“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

Borrower payoffs reflect heavy refinance activity in the Ginnie program.

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.

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

The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.

A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.

HUD alleged PHH charged convenience fees in violation of FHA requirements.

The CFPB suggested that First Street Foundation does a better job of identifying flood risk than the Federal Emergency Management Agency.