The conventional-conforming share of first-lien originations declined from 59.2% in 2023 to 56.5% in 2024. Both government-insured products and nonconforming loans gained share. (Includes two data tables.)

Economists caution that forecasts for interest rates on mortgages come with more uncertainty than usual due to Trump administration policies on tariffs and other issues.

Trump’s election win stalled the Biden administration’s effort to impose tougher capital requirements for banks. Federal regulators are likely to continue to work on the reforms, but in a more bank-friendly way.

Freddie moves forward on second-lien pilot; MBA supports Trump nominee to lead CFPB.

Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.

“Everyone else follows us,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

The rescinded AFFH rule had set fair housing obligations for certain recipients of HUD funding.

The government-sponsored enterprise received approval from the Federal Housing Finance Agency in June 2024 to acquire second liens.

Even with the lower margin, UWM boosted its net income, helped by improvements in the value of mortgage servicing rights.

The MBA said Jonathan McKernan’s experience and background working on housing policy make him a strong choice to lead regulatory reforms to reduce compliance costs.