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.

"He is hurting Americans and hurting the mortgage market, which I am responsible for regulating," Bull Pulte, director of the Federal Housing Finance Agency, said of Fed Chair Jerome Powell.

The retail channel lost market share in conventional-conforming, government-insured and nonconforming originations in the first quarter of 2025. (Includes two data tables.)

Some 82 banks and thrifts completed repurchases and indemnifications of residential mortgages during the first quarter of 2025. Repurchase volume was down 16.3% compared with the previous quarter. (Includes data table.)