“The entire portfolio has experienced overwhelmingly positive rating pressure,” Fitch said of GSE CRT issuance.

Issuance declined by 17.8% compared with the first quarter.

The planned IPO will help Figure expand into other markets.

The revised forecast projects an average interest rate of 6.5% at year-end.

The Trump administration is describing The Great American Mortgage Corp. as "the all new Fannie Mae and Freddie Mac: bigger and better than ever."

The ruling by the appeals court allows the Trump administration to proceed with massive layoffs at the bureau. One of the three judges to hear the case dissented, arguing that the courts are shifting power from Congress to the executive branch.

The Trump administration has delayed compliance with the rule until mid-2026 at the earliest and the CFPB is working to revise the Biden-era requirements. Trade groups representing lenders provided plenty of suggestions to reduce burdens from the rule.

The bureau is considering raising the bar for triggering oversight of nonbanks in consumer reporting, consumer debt collection, automobile lending and international money transfers.

The Bank Policy Institute and others stressed that industry participants shouldn’t have to comply with a rule given that the CFPB plans to substantially revise it.

Sen. Warren said, "Fortunately, the administration cannot yet resume its illegal attempt to shut down the CFPB..."