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But Fannie Mae and Freddie Mac conducted no private-market sales of nonperforming loans early last year as adjustments were made to the program.

Multiple mortgage companies are returning to the unsecured debt market for the first time since 2021, according to a new Fitch report. Here's why.

It's possible that the remaining litigation could be resolved by mid-year, wrote Keefe, Bruyette and Woods analyst Ryan Tomasello

The annual reconciliation shows nonbank cuts were deeper than the initial read suggested, and comes as the latest numbers for broader employment show a surge.

The lending giant has attempted to dismiss the case arguing in December that a Reddit-fueled meme stock trading frenzy impacted its stock price during the period in question.

A regulator claims Freedom Mortgage's bad data in 2020 violated a consent order the company signed a year earlier for intentional misrepresentations.

The Detroit-based company named Andreesen Horowitz partner and fintech entrepreneur Alex Rampell as an independent director, following the launch of artificial intelligence initiatives late last year.

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

Chairman and CEO of Pennymac, David Spector, said the one-time cost will allow the company to retain ownership of a proprietary system that could build value for investors.

With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.

The company declined to provide an estimate of how many senior executives were impacted by the reduction and called it "a flattening of the organization."

Some large Fannie Mae and Freddie Mac portfolios have gone to market recently and an unusual Ginnie Mae multifamily and healthcare package is up for sale too.

Equity-rich mortgages — those that have a loan-to-value ratio of 50% or lower, meaning the borrower's equity stake is at least half the property's value — decreased to 46.1% from 47.4% the prior quarter, according to the US Home Equity & Underwater Report published by real estate data firm ATTOM. 

As a result, a robust housing market is now on the horizon, Freddie Mac chief economist Sam Khater declared.

The Tax Relief for American Families and Workers Act of 2024 includes restoration of a 12.5% increase in the program's 9% limit that expired in 2021.

The lender has signed a letter of intent to acquire single-family mortgage operations and staff, according to Rick Arvielo, NAF's chief executive.

A key Senator had urged Fed Chairman Jerome Powell to lower rates early this year, but although there's more consensus on making such a move, it now looks unlikely to happen until after the next meeting.

The wholesale giant touts the move as giving brokers a leg up on banks and retail lenders waiting for the next origination wave.

Aspiring buyers took out fewer loans last week, leading to the overall decline, but the average purchase-loan size also surged to its highest mark since last spring, the Mortgage Bankers Association said.

The parent company of Flagstar Bank surprised investors by slashing its dividend, charging off two large real-estate loans and preparing for more trouble in the office and multifamily sectors.