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Secondary markets

Why MBA is renewing opposition to a Fannie-Freddie merger

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

The Mortgage Bankers Association’s chief issued a reminder of why it has opposed merging two influential government-sponsored loan buyers as federal officials signaled momentum in pursuing a public offering. “Creating a government-conferred monopoly would diminish innovation, degrade service to market participants and heighten systemic risk,” MBA President and CEO Bob Broeksmit said in a blog […]

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LitFinancial turns to crypto for mortgage funding

Capital markets, Cryptocurrency, Digital payments, LOAN PRODUCTS, Originations, Secondary markets /

Mortgage correspondent lender LitFinancial has launched a stablecoin on an Ethereum blockchain with the initial aim of improving its treasury efficiency and reducing its cost of capital. Lit, based in Troy Michigan, is working with Brale, a stablecoin-as-a-service platform, and Stably, a stablecoin advisory firm, on the new token which is named litUSD. Brale is

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Tenant self-reporting grows as GSEs add rent-based score

Credit, Originations, Rentals, Secondary markets, Underwriting /

Tenant interest in rent reporting has grown since the Federal Housing Finance Agency reaffirmed plans to include those payments in mortgage credit decisions. Instances of self-reported rent are up so far in 2025, at 13% compared to 11% in 2024, according to credit bureau TransUnion. That could help increase the use of a credit score

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Occupancy fraud scrutiny raises questions for lenders

Fraud, Mortgage technology, Originations, Secondary markets, Servicing /

Recent mortgage fraud discussions have been centered on high-profile occupancy misrepresentation cases, but the bigger question is how these claims can be proven and what level of risk they pose to the industry. For one, the allegations to date, such as a Trump administration criminal referral that a Federal Reserve Board member is fighting, typically

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FICO isn’t the problem. A premature two-score system Is

Credit scores, Originations, Secondary markets /

Enjoy complimentary access to top ideas and insights — selected by our editors. In July 2025, a pivotal change came to the mortgage industry, when the Federal Housing Finance Agency officially approved the use of VantageScore 4.0 as an alternative to Classic FICO for mortgages purchased by Fannie Mae and Freddie Mac. VantageScore claims that Classic FICO is

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FAPA disrupts market as petition pends before Supreme Court

Foreclosures, Law and regulation, Secondary markets, Servicing /

A securitization trustee is petitioning the Supreme Court to hear New York’s Foreclosure Abuse Prevention Act, but the wheels of justice turn slowly, in the interim the law raises concerns for various industry stakeholders. “They haven’t decided whether to review it or not, but that will be conferenced by the justices of the Supreme Court,”

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Fannie, Freddie update reconsideration of value rules

Fannie Mae, Freddie Mac, Originations, Secondary markets, Underwriting /

While Fannie Mae has “retired” the term appraisal waiver from its seller guide, the change in the latest update, which could have the most impact on consumers involves the reconsideration of value policy. The Fannie Mae announcement is SEL-2025-07. Freddie Mac put out a similar ROV update on Wednesday in its bulletin 2025-12. Some of

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Rithm Capital moves into insurance with new acquisition

Industry News, M&A, REITs, Secondary markets /

Rithm Capital announced a new acquisition that adds an insurance business and further boosts its efforts to grow beyond its real estate roots toward asset management.  The New York-based company and parent to mortgage lender Newrez will purchase alternative investment firm Crestline Management, a firm currently responsible for $17 billion in assets. Based in Fort

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KBW lowers its Fannie Mae, Freddie Mac profit projections

Earnings, Secondary markets, The Great American Mortgage Corporation /

Keefe, Bruyette & Woods, while still expecting robust profits from Fannie Mae and Freddie Mac, has dimmed its outlook on both companies’ earnings per share potential as probabilities for a release from conservatorship increase. The stock rating for both are, and will remain at, underperform. KBW, in its fine-tuning of the earnings models, reduced earnings

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Pulte posts new criminal referral as Cook escalates lawsuit

FHFA, Fraud, Politics and policy, Secondary markets /

The battle between Federal Reserve Board Governor Lisa Cook and the Trump Administration over mortgage fraud allegations and their implications intensified this week. Cook filed a temporary restraining order and issued court summons to several high profile officials in a lawsuit filed to block attempts to fire her over alleged misrepresentation, and housing regulator Bill

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