Finance

Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes.

Its Arc Home lending business made money in December and January as the company leans more into home equity originations, which helped financial performance.

Rep. Maxine Waters, D-Calif., the Committee on Financial Services' ranking member and other members of her party plan to confront HUD Secretary Scott Turner.

Servicers—Citadel, NewRez and Selene Finance—will not advance any delinquent principal and interest. Eventually, that should reduce loss severities to the deal.

Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations.

Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand.

Investment properties are the primary properties backing the collateral pool, at 80.3%, while second homes account for 19.7% of the pool.

Some precedents from Trump's first term do point to a scenario where depositories could re-enter the government mortgage market, according to one expert.

The company missed analysts' quarterly forecasts on operating earnings per share due to higher mortgage servicing rights amortization and operating expenses.

Texas Capital is arguing against summary judgment, saying prior assertions about reverse mortgages' initial and subsequent draws need to be examined in court.