Because of inaccurate information provided by a Fannie Mae spokesman, a June 9 news brief misstated Fannie's plans for the HomeSaver Advance program. It is only taking on certification and custodial duties; collection agency Dyck O'Neal Inc., Arlington, Texas, will continue to service the unsecured loans.
The company once known as Voxtur Analytics reset its path to focus on valuations since its own acquisition by Hale Capital Management, CEO Ryan Marshall said.
This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
May's 15,855 actions are the least since September 2025, when Fannie Mae and Freddie Mac had 15,550 loans modified, forborne or otherwise dealt with, FHFA said.
