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Secondary markets

FHA foreclosures drag down strong mortgage performance

FHA, Foreclosures, Industry News, Secondary markets, Servicing /

Mortgage performance remained strong in September despite Federal Housing Administration loans driving up total foreclosures, according to new industry data. Overall foreclosure volume remained historically low, with foreclosure sales reaching 21,000 in the third quarter this year, roughly half of 2019’s pre-pandemic levels, according to a report from ICE Mortgage Technology. FHA loans accounted for […]

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Waterstone Mortgage profits surge even as loans fall

CAREER & COMPENSATION, Earnings, Originations, Secondary markets /

Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said

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NCRA responds to Loan Think column on credit scores

Credit scores, Secondary markets, Underwriting /

The National Consumer Reporting Association (NCRA) must respond to comments made by Christopher Whalen in a Loan Think piece, Why credit score politics have nothing to do with lending (Oct. 14, 2025). NCRA’s credit report resellers play a critical role in the home loan process, opening doors for consumers to housing. Consumers and others must

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Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Career moves, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Fannie Mae Chief Operating Officer Peter Akwaboah has added the acting CEO title following the departure of Priscilla Almodovar, the company announced late Wednesday afternoon. Akwaboah, a former Morgan Stanley executive, came on board at Fannie in February 2024. In addition, John Roscoe and Brandon Hamara have been named as co-presidents of the government-sponsored enterprise. 

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Pennymac financial services unit improves profitability

Earnings, Industry News, Originations, Secondary markets, Servicing /

Pennymac’s financial services unit built profits as it produced consistent consecutive-quarter loan volume and reduced servicing valuation-related losses in a market with lower rates, but it fell short of some consensus expectations. The $181.5 million in net income recorded under generally-accepted accounting principles topped the previous quarter’s $136.5 million and $69.4 million a year earlier,

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Pulte: GSE stock offering ‘as early as the end of 2025’

Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A potential government-sponsored enterprise stock offering President Trump and his team have been “opportunistically evaluating” could be done on a near-term basis, US Federal Housing Director Bill Pulte confirmed late Monday. That offering for an entity that Pulte and Trump have called the Great American Mortgage Corporation “could be as early as the end of

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TransUnion study pushes back on single-score concept

Credit, Originations, Secondary markets, Servicing, Underwriting /

A credit reporting agency on Monday morning responded to an industry proposal to look into ending the tri-merge with a study finding it even more harmful to borrowers than a two-score pull. Although an earlier Standard & Poor’s study found a bi-merge alternative to the status quo in the mortgage industry could be viable, TransUnion

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Tech developments in the mortgage capital markets heat up

Artificial Intelligence, Capital markets, Industry News, Secondary markets, Technology /

Several developments involving companies active in the industry’s secondary and capital market emerged this week. AI-driven pricing data provider buys MBS specialist Solve, a provider of pre-trade data and predictive pricing that has long used artificial intelligence to aggregate and analyze information, announced Thursday that it has purchased a company with similar but deeper capabilities

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Rocket’s 2026 early conforming limit hike tops others by $6k

MARKETING TO BORROWERS, Mortgage Rates, Originations, Secondary markets /

Rocket Mortgage might have been a few weeks behind its competition in announcing its presumptive 2026 conforming loan limit increase, but it took that time to go higher than the rest of the market. United Wholesale Mortgage, Pennymac, Crosscountry and Rate all announced in late September they were now purchasing single-family mortgages up to $819,000

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FHFA seeks comment on new strategic plan for GSEs

Capital markets, Mortgage technology, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A government-sponsored enterprise oversight agency floated a new strategic plan on Wednesday that includes an emphasis on the supply side of the housing market in one portion of three overarching goals. US Federal Housing will be collecting comments through Nov. 5 on the new plan for its operations, two GSEs it oversees that are in

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