Two classes of certificates from a transaction issued by Home Equity Mortgage Trust in 2006 have been placed on review for possible downgrade by Moody's Investors Service.The affected securities are classes M-9 and B-1 of series 2006-5. "The projected pipeline loss has increased over the past few months and may affect the credit support for these certificates," Moody's said. The transaction is backed by closed-end second-lien loans.
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
Fannie Mae seller guide update SEL-2026-08 includes a definition of present, residential and subordinate use cases in the new context of highest and best use.
The law, which went into effect in late 2025, led MBA lawyers to call New Jersey "the most expansive and aggressive disparate-impact regime in the nation."
Bob Marseilles joined Evergreen Moneysource to get the wholesale unit going following starting the TPO unit for First Tech Federal Credit Union.
Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
