FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
Capital markets
Lenders should prepare for shifts in mortgage REIT demand
Single-family mortgage real-estate investment trusts in the market for home loan assets face hurdles and selectively taking on leverage to keep buying.
Bessent puts GSE exit on 2027-2028 agenda, boosting shares
The Treasury official's comments increased the price of the government-sponsored enterprises' stock even though he indicated there would be no near-term reform.
B of A: Agency MBS issuances to decline by 16% in 2027
Persistently high mortgage rates will shrink securitization volume by dampening home sales and pushing more buyers toward all-cash purchases.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.
Home equity deal shows VantageScore viable for RMBS ratings
A fintech's transaction is the first to go through S&P Global's preliminary rating process with VantageScore 4.0 used to underwrite for 100% of the loans.
Pennymac adopts VantageScore as bi-merge debate heats up
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Lenders using VantageScore: Watch Freddie’s CRO shake-up
The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating.
Pennymac, UWM, loanDepot lag in RMBS issuance as Rocket grabs share
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
BofA: Add GSE scores to models to predict delinquencies
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
Mortgage lenders need to keep innovating after Fed hike
The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.
IMBs need to watch HELOC securitization costs as banks enter
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Non-QM issuance estimates boosted due to investor demand
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
Rocket starts higher conforming limit marketing push
Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
Atlas deal signals shift to live GSE disaster monitoring
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
Trump posts new support for GSEs, lower mortgage rates
Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
Investor eyes GSE merger alternative to trim secondary costs
Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
Brookfield lines Up a $600 million payout in niche credit market
The emergency household-repairs provider is offering $1.8 billion of bonds backed by its assets through a whole-business securitization led by Jefferies Financial Group.
Non-QM securitization record signals secondary market shift
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
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