It remains unclear what types of MBS the GSEs are planning to buy and the span of the planned purchases, among other factors.

Both Regions Financial and PNC Financial had declines in mortgage-banking income in the fourth quarter of 2025 tied to MSR valuations, net of hedging.

The median home price in California declined by 0.4% on a monthly basis in December.

President Trump effectively directed the GSEs to fill in the role that the Fed had been serving in terms of agency MBS investments. The stimulus could be short lived, with the purchases expected to wrap up by June.

More than $100 billion of loans in commercial MBS have maturity dates this year. Refinancing the loans could be difficult given interest rate movements and declining revenues from commercial properties.

SFA’s new director of advocacy comes from CSBS; Ginnie adjusts platinum MBS pooling; earnings per share at Orchid Island Capital up in fourth quarter; Setpoint to acquire due diligence provider.

President Trump’s announcement that the GSEs will buy $200 billion of agency MBS prompted mortgage spreads to tighten by about 20 basis points and some lenders to offer mortgages below 6.00%.

Lenders are looking to investments in technology to help scale originations without adding a huge number of LOs when lending increases.

Volume with primary MI was up sharply in the fourth quarter of 2025 at both the government-sponsored enterprises and the Department of Veterans Affairs, while FHA volume lagged to some extent.

CHLA said a single-bureau credit pull could ultimately increase costs for borrowers, among many other issues.