“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

“Fannie and Freddie should maintain their affordable housing footprint, including condo, investor and second home loans — without volume caps or fee increases unrelated to risk,” CHLA said.

No immediate replacement was announced for Stanley on Fannie’s board.

JPMorgan Chase reported a $32.24 billion decline in agency MBS holdings in its trading account during the fourth quarter.

Better’s originations increased by 20% on an annual basis to $3.6 billion in 2024.

Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.

Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.

While originations ticked up for some, gain-on-sale margins declined during the fourth quarter.

In recent weeks, the Trump administration took steps to restore complaint processing efforts at the CFPB.

“In the near term, we expect volatility to continue and expect rates to remain higher until there are clear signs that inflation is moderating or the economy falters under the weight of pending policy changes,” said Julian Evans, chief financial officer at Cherry Hill Mortgage Investment.