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Second homes account for 10.1% of the underlying collateral pool, the highest ratio seen in pools all year.
June 3
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Those who looked to sell their properties during May listed at a price 2.4% lower, as they take into account current conditions instead of being overoptimistic.
June 3
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The Federal Reserve's former top regulator said recent efforts to reform regulation and supervision have boosted executive compensation and share buybacks, not the broader economy.
June 3
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The ADP Research gauge of private-sector job growth in May showed an increase of 122,000, which slightly exceeded economists' median estimate.
June 3
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New York borrowers want the Supreme Court to rehear a case requiring banks to pay interest on mortgage escrow accounts, due to a split among appellate courts.
June 3
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Federal Reserve Board Governor Jerome Powell's decision to remain on the board he once led combined with a lack of explicit rules governing Fed governance could lead to a power struggle that hasn't been seen in a generation.
June 3
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Following a recent acquisition, leaders of Valon and Carrington Mortgage Services discussed benefits of the agreement and the role of tech in servicing.
June 3
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Analysts said Bill Pulte's new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.
June 2
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The company's plan to reduce the servicing rights sold helped it clear one key hurdle to its agreement with Finance of America.
June 2
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Cotality's fraud risk index hit its best mark since 2023, but investment and multifamily properties are driving elevated risk.
June 2
