Secondary

Reducing access to funding would harm both homebuyers and communities across the country.

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.

Non-depositories now dominate home lending, but many of these firms were untested until they had to grapple with the current rising rate environment. How they fare could significantly impact the rest of the mortgage market and, more specifically, the Government National Mortgage Association.

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.