The organization explained that it made the move because it does not expect Congress to appropriate enough federal funding to continue support for the program this year.
Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage.
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.