- February 21, 2025
MBA lowers 2025 mortgage forecast for refinances
The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its
Leading Senate Democrats demand halt to HUD cuts
The senators describe a sense of “alarm” at the notion that as much as 50% of the department’s staff would ultimately be cut, saying that
Windsor Mortgage CEO explains what sets his company apart
In the most recent episode of the Power House podcast, host and HousingWire President Diego Sanchez sits down with Chris Vinson, CEO of Windsor Mortgage,
Rising inflation deals blow to potential interest rate cuts
The Fed’s stated target inflation rate of 2% is getting further and further away, as it’s the fourth month in a row that the inflation
Vought shuts down most of CFPB’s functions, cuts off funding
Russell Vought, the newly named acting director of the Consumer Financial Protection Bureau (CFPB), is shutting down most of the bureau’s functions and has cut
The MBA’s big push for lower FHA mortgage insurance premiums
Advocating for change Mortgage insurance is typically required for borrowers with a down payment of less than 20%, meaning that it is necessary for FHA
Trump names Bessent as acting director of the CFPB
Initial reports had suggested that Zixta Martinez, the bureau’s deputy director, would be assuming the role of acting director. Instead, Trump named Bessent, an official
PennyMac’s 2024 performance driven by strong servicing portfolio
Pretax income for the final quarter of 2024 was $129.4 million, up from $93.9 million in the prior quarter and a pretax loss of $54.2
The LA wildfires are a reminder of the cost burden of reconstruction
California’s battles with several wildfires over the past few weeks has resulted in the destruction of more than 57,000 acres and 16,000 structures as of
Newrez president Baron Silverstein on client retention and tech
Silverstein: It’s been a wild ride, but it’s also been fun. It’s been exciting. The mortgage industry continues to basically put up new challenges but also
