At the end of June, large nonbanks accounted for 39.0% of all government-sponsored enterprise servicing, up from 37.6% in March.

Increases in loan loss provisions in the second quarter offset the beneficial impact of higher interest rates.

Earnings at the mortgage giant stand at a three-quarter plateau, with year-to-date profits almost unchanged from 2023.

Former GNMA chief Michael Bright: “Let’s say you’re going to do it. I think you’re going to have to lie to someone."

Chase remains the largest servicer of GSE loans at the halfway mark this year, but a 16.4% surge in volume at Mr. Cooper Group, the number two GSE servicer, cut deeply into Chase’s lead. (Includes two data tables.)

The Federal Home Loan Banks as well as credit unions argue the FHLBanks’ mission was established by Congress, so only Congress can change it. Consumer advocates, meanwhile, are happy with the Federal Housing Finance Agency’s effort to redefine the mission.

Fourteen state attorneys general sent a letter to FHFA Director Sandra Thompson urging her to quash Fannie Mae’s title insurance waiver pilot program.

SFA leader says ending GSE conservatorships would lead to unsustainable credit downgrades for Fannie and Freddie.

Former Freddie CEO Don Layton said the pilot’s only connection to housing is that some of the homeowner’s equity is used as collateral for the new second.

Freddie adds a new AIM provider, requires trended data in most credit reports.