Monday was the last day of trading for MacroShares Major Metro Housing Up Trust and MacroShares Major Metro Housing Down Trust. The depositor said a final distribution payment will be made on Jan. 6 to shareholders of record on Dec. 31 based on the underlying values of the trusts. The trusts' values will be determined based on the Nov. 24 release of the reference value of the S&P/Case-Shiller Composite-10 Home Price Index, plus or minus any interest or expense accrued in the trust for the period.
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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.
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The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
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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.
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A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
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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.
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The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
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