Finance

The agency is floating new criteria for commingled securities and credit scores, which are undergoing policy shifts.

Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.

The majority of borrowers cite a national emergency declaration, but the share that do has been dropping as concerns about income, debt and unemployment creep up.

But the company expects positive margins in the first quarter from Bay Equity Home Loans and increased cross-sell capture from real estate agents.

The company's shares jumped after it reported quarterly revenue that wasnhelped by a better-than-expected period for its core advertising business.

The company had asked that the case be dismissed given its similarity to previously settled claims. It's weighing an appeal.

All six companies were profitable in the fourth quarter and the full year, but had far less new volume than in 2021.

The government-sponsored enterprise expects a "moderate recession" in the first half of 2023.

Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.

The company, which recorded positive comprehensive income based on unrealized RMBS gains, sees potential buying opportunities in bulk mortgage-servicing rights amid a wave of sales by Wells Fargo and others.