Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.

The California Democrat vows to fight to maintain consumer protections.

“A trade war would increase costs, including housing construction costs, and potentially affect employment, pressuring demand and mortgage performance,” according to Fitch Ratings.

Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.

The final rule will implement without changes a proposed rule issued in July 2024.

Select Portfolio Servicing remained the largest nonprime servicer at the end of the third quarter.

Locks for refis plummeted in November following a rise in interest rates.

Among the top five subservicers, the steepest descent in year-over-year business was registered at Dovenmuehle.

While layoffs aren’t increasing, new entrants and individuals who lose jobs are having a more difficult time regaining employment.

“Companies with stronger franchises and ample levels of capital continue to sacrifice some profitability to increase market share, keeping pressure on weaker competitors,” according to Moody’s Ratings.