Secondary markets

The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged.

The first quarter showed a narrowing in the market share spread between the six active underwriters, but that was before April's economic uncertainty.

Agency mortgage backed securities have slipped about 1.1% since the start of April, trailing Treasuries and the broader US bond market.

The reverse mortgage division reported a loss due to hedging costs but on a net basis the company proved profitable ahead of peak market disruption in April.

Much of the increase came from the wholesale channel, where margins were thinner, leaving them flat on for the origination unit on a sequential quarter basis.

The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.

The company reported a profitable first quarter and called for loosened regulation to bring more private capital into home finance in its latest earnings call.

A government-sponsored enterprise executive shared his take on the financial implications of Federal Housing Finance Agency Director Bill Pulte's initiatives.

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.

The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership.