As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to HUD, FHA and Ginnie Mae workforce and programs
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
Kiavi has packaged up more than $5.1B in 'residential transition loans' for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was bumped up to $400M
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds and MBSs that fund home loans
Nation's largest mortgage lender trims its $300B servicing portfolio by nearly one-fourth, selling $70B in mortgage servicing rights for $941.2M, excess cash flows on $19.4B in loans for $150.9M
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands
ICE teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs
Parent company Home Point Capital to take an equity stake in The Loan Store, with Homepoint executive Phil Shoemaker to be installed as CEO when the deal closes by end of Q2
Fed uncertainty and U.S. debt ceiling cliff are creating volatility in long-term interest rates
Building on last year's Optimal Blue deal, Black Knight strengthens its secondary mortgage market offerings
2.3M homeowners still aren't making their monthly mortgage payments
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance