Chase expects a limited financial impact on its business from the LA-area wildfires.

The analysts said only legislation by Congress can address the government guarantee currently applied to Fannie Mae and Freddie Mac.

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

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

The top-five Ginnie MBS issuers in 2024: Freedom, PennyMac, UWM, Rocket and Newrez. All are nonbanks.

Property insurance costs are expected to increase due to the LA-area fires.

The nomination hearing for Scott Turner to lead HUD is scheduled for Jan. 16.

VA refis in Ginnie MBS issuance more than doubled on a quarterly basis in the fourth quarter and FHA refi volume was up almost 50%. On an annual basis, Ginnie MBS issuance increased by nearly 20% in 2024.

Many analysts are projecting increases for issuance of MBS and ABS in 2025. Delinquencies are also expected to rise, though not to troublesome levels.

Rick Jones, a longtime industry lawyer, wants commercial MBS participants to strike a grand bargain, including changes to servicing practices and moves to increase demand from investors.