The firms have issued three similar deals, beginning in early 2024.

At a hearing in the House, Powell reiterated that the Fed is waiting to see developments in tariff policies and the employment market before deciding whether to cut rates.

Economists at Fannie Mae project that the interest rate for a 30-year fixed-rate mortgage will average 6.5% during the fourth quarter of 2025.

Repurchases and indemnifications by banks and thrifts for residential mortgages declined by 16.3% on a quarterly basis in the first quarter of 2025.

The homebuyer must have a purchase mortgage from Rocket to be eligible.

Legislation to limit trigger leads passed the House and Senate with minor differences.

UWM Chairman and CEO Mat Ishbia said the lender between 2021 and 2023 lowered its profit margins to gain market share.

The largest servicing gains in the past year were in servicing for Ginnie Mae, whole loans at nonbanks and in non-agency mortgage-backed securities.

“The best thing we can do for the housing market is to restore price stability in a sustainable way and create a strong labor market,” said Fed Chair Jerome Powell.

Palisades is an alternative asset manager founded in 2012.