“In the near term, we expect mortgage rates to remain in a fairly narrow range, between 6.5 and 7%, which should support the spring housing market,” said Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association.

Originations are up compared with the first quarter of 2024 and Onity could tap a large deferred tax asset this year.

“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

“Fannie and Freddie should maintain their affordable housing footprint, including condo, investor and second home loans — without volume caps or fee increases unrelated to risk,” CHLA said.

No immediate replacement was announced for Stanley on Fannie’s board.

Better’s originations increased by 20% on an annual basis to $3.6 billion in 2024.

Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.

In recent weeks, the Trump administration took steps to restore complaint processing efforts at the CFPB.

“In the near term, we expect volatility to continue and expect rates to remain higher until there are clear signs that inflation is moderating or the economy falters under the weight of pending policy changes,” said Julian Evans, chief financial officer at Cherry Hill Mortgage Investment.

Michelle Bowman has expressed industry-friendly views on various regulatory issues.