Production estimates were required for December because HUD, under the new Trump administration, has yet to publish FHA endorsement figures.

FHA-to-FHA refis increased by nearly 70% in the fourth quarter while purchase mortgage volume slid 12.4%. United Wholesale Mortgage remained the largest FHA lender in 2024.

The volume of single-family mortgage servicing tied to Ginnie Mae rose 7.3% on an annual basis to $2.541 trillion as of the end of 2024.

Mortgage delinquencies in LA tied to wildfires increased from 700 at the end of January to 4,100 at the end of February.

Lawrence Yun, chief economist at NAR, said “the momentum for home sales is flashing encouraging signs.”

The nearly 800 lease terminations announced by the General Services Administration in the past 30 days have been linked to 64 commercial MBS. And some terminations have been reinstated.

Fed reduces redemption cap for Treasury securities, allows agency MBS runoff to proceed; Annaly to issue securitization with HELOCs; non-agency MBS term financing transaction from PIMCO.

Loans in Ginnie Mae MBS accounted for 17.7% of total single-family mortgage servicing outstanding as of the end of 2024, up from a 17.0% share at the end of 2023. Nonbanks continue to gain share.

CDFIs provided $107.04 billion of residential real estate financing in fiscal year 2023. More than 500 CDFIs consider residential financing to be their primary or secondary activity.

The Federal Reserve this week signaled two interest rate cuts could come this year; Michelle Bowman nominated as Fed supervision chair.