Figure Technology Solutions confirmed an anticipated consecutive-quarter drop in earnings but reported that its numbers were up compared to a year ago, before it went public. Processing Content The blockchain-based capital marketplace for consumer loans and crypto assets generated $15.2 million in earnings for the fourth quarter of 2025. That number was up 156% from […]
Figure Technology earnings dip after IPO costs Read More »
Mortgage-backed securities purchases became the current focus of near-term plans for Fannie Mae and Freddie Mac due to lower-than-anticipated valuations for a planned stock offering, a housing official told Fox Business. Processing Content “Today some people say the businesses are worth up to $1 trillion. They’re worth $500 billion to $700 billion, we believe,” Federal
Trump’s $200B MBS plan set off by GSE valuation gap: Pulte Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Federal Reserve Board Vice Chairman for Supervision Michelle Bowman gave a very significant statement about banks and the Basel III risk weights for residential loans and mortgage servicing rights to the American Banker
Basel proposal helps banks, but changes little Read More »
Former US President Donald Trump speaks during a news conference following a meeting with Senate Republicans at the National Republican Senatorial Committee (NRSC) office in Washington, DC, US, on Thursday, June 13, 2024. Trump’s brand on Wall Street, once tarnished by the US Capitol attack and his bombastic political rhetoric, has made a near-full recovery,
White House reportedly set home investor size sought in ban Read More »
Federal Reserve Chair nominee Kevin Warsh has several paths toward reducing the central bank’s $6.6 trillion balance sheet but the process will be costly and lengthy, Wall Street strategists say. Processing Content Warsh has called for dramatically paring the Fed’s massive financial footprint, rekindling the debate around the size of its portfolio which swelled
Wall Street is sizing up Warsh’s options to shrink Fed portfolio Read More »
Fannie Mae and Freddie Mac will be providing new loan-level disclosures about interest-rate buydowns in mortgage-backed securities this spring to address investor interest in tracking their use, which can impact prepayments. Processing Content The new disclosures applicable at the government-sponsored enterprises that buy many lenders’ loans become effective April 20 for MBS issued on or
Fannie Mae, Freddie Mac add new rate buydown disclosures Read More »
Pennymac struck a deal to buy Cenlar Capital Corp.’s subservicing business in a move that will boost its portfolio above a key benchmark and increase the nonbank concentration in the space. Processing Content The acquirer’s financial services company will pay $172.5 million upfront for Cenlar’s portfolio and operations with a $85 million contingent consideration, according
Pennymac to buy Cenlar’s subservicing business Read More »
The Government Accountability Office has issued new warnings about the public sector’s exposure to nonbank mortgage risks and said the Federal Housing Finance Agency and Ginnie Mae have agreed to do more to manage them. Processing Content The GAO indicated the nonbank share of the secondary mortgage markets that the FHFA oversees as conservator and
FHFA, Ginnie pledge tighter nonbank oversight Read More »
Trump administration officials respectively said Wednesday that Fannie Mae and Freddie Mac are “definitely ready” for a stock offering within a certain range and a conservatorship exit is an eventual goal. Processing Content Federal Housing Finance Agency Director Bill Pulte told Fox Business News that the GSEs could stage a secondary sale of 2.5-5% equity
GSE ‘IPO’ ready for 2.5-5% initial sale if Trump OKs: Pulte Read More »
The Federal Open Market Committee’s initial take on the economy in 2026 may temper NMN-surveyed mortgage professionals’ view that rates will fall fast and far enough to generate significant revenue gains this year. Processing Content Monetary policymakers weighed the balance of risks associated with a softer market vs. inflation in their widely anticipated decision to
What the Fed’s first look in 2026 means for mortgages Read More »