BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
Mortgage
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House introduces bill to reduce mortgage insurance premiums
Trade groups like the Mortgage Bankers Association (MBA) may be getting at least some of the relief they’ve been advocating for when it comes to mortgage insurance premiums.
CFPB freezes nonbank registry rule after industry pushback
The CFPB is rescinding a rule that required nonbank financial services providers to register with a new federal database.
These are the housing bills now in front of Congress
Bipartisan members of Congress have taken action to bring multiple housing-related bills to their chambers this week.
AI agent platform promises to ‘transform mortgage operations’
The tool is being touted as the mortgage industry’s first AI-powered “co-pilot” capable of taking over many of manual, repetitive tasks.
EPM’s Kevin DeLory dies of cancer at 53
EPM CEO Eddy Perez confirmed DeLory’s death, writing, “Kevin made me a better leader, and more than that, he made me a better man.”
Mortgage rate volatility rises amid trade war, keeping LOs busy
Despite mortgage rate volatility that makes conditions difficult for lenders, LOs tell HousingWire they’ve seen no fall-off in mortgage applications.
Bipartisan duo begin public listening process for reauthorizing HOME, CDBG programs
Reps. Mike Flood and Emmanuel Cleaver are seeking public and stakeholder input on the possible reauthorization of two key HUD programs.
Pulte says he’s canceled $6.4M in “DEI nonsense” at Fannie and Freddie
Bill Pulte posted multiple times Monday on X about rescinding DEI policies at FHFA, and sounded off on his view of the GSEs.
Reports: Fannie Mae lays off 700 employees
Reports suggest that 700 people were laid off at Fannie Mae last Thursday and Friday, but no official announcements have been issued.