Ongoing shifts in U.S. policy are introducing uncertainty for the securitized mortgage market, according to Fitch. While the scope of impact remains to be seen, the changes are already reverberating. …
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A subservicer announced this week that it is expanding the operations it has available to handle one of the home equity products lenders have been more active in originating recently.…
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The Federal Housing Finance Agency has directed Fannie Mae to end its “Repair All” strategy real-estate owned properties, a policy the government-sponsored enterprise has used since late 2021. The strategy,…
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FHFA Director Bill Pulte is signaling a narrower agency role by rescinding renter requirements for multifamily mortgages and rolling back direct regulation of unfair and deceptive acts and practices. These…
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Rithm Capital Corp. has announced a mortgage-servicing rights securitization that’s unprecedented in terms of its size and further establishes a market for nonrecourse structures. The $878 million single-tranche securitization, NZES…
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Blue Ridge Bankshares in Virginia has agreed to exit mortgage banking by selling unspecified assets to an undisclosed buyer, adding to the growing trend of depositories pulling back from home…
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The Federal Housing Finance Agency has ousted two top Freddie Mac executives in addition to one of its own, unconfirmed reports from news platform Semafor indicate. Freddie CEO Diana Reid…
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Christopher Stanley, a software engineer with reported ties to the Department of Government Efficiency and companies linked to Trump ally Elon Musk, has resigned from Fannie Mae’s board after a…