Maine introduces bill to ‘effectively ban’ HEI contracts
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
Mortgages
Second-home volume shrinks from pandemic-era highs
Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.
Lock-in effect drives home renovation boom, Redfin says
About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
Foreclosures ‘could signal shifting housing market dynamics’
Quarterly filings are far from historic highs but rising more consistently, with concentrations in Florida, California and Texas, Attom's latest numbers show.
Verus’ latest RMBS deal raises $733.8 million
KBRA noted that debt service coverage ratio underwriting accounted for the largest portion of the loans in the pool, 35.0% and 52% of borrowers in the pool are self-employed.
Jumbo loans are creeping into non-QM, HELOC securities
Large loan balances are increasingly common in non-QM and HELOC securitizations, bringing faster prepayments and higher delinquency risks, Bank of America Securities research shows.
Gen Z, millennial homeowners struggle with mortgage payments
Half of Gen Z homeowners and 44% of millennial homeowners were at risk of missing at least one mortgage payment over the last two years, ServiceLink found.
2026 Atlantic hurricane season forecast: what servicers need to know
Sheer luck kept all but one hurricane from U.S. shores in 2025; one landfall in 2026 could devastate servicers.
Fannie Mae establishes new AI governance guidelines
In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy.
UMBS a key risk in any GSE ownership change: report
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices Group say.
Iran ceasefire brings brief reprieve for mortgage rates
The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
Mortgage credit hits three-year high entering spring market
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
Basel draft leaves nonbank warehouse financing in limbo
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Newrez faces $4.2M penalty for servicing violations
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
GSEs ease prefunding rules, extend manufactured housing terms
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
Increasing non-qualified mortgage delinquencies remain within bounds
Losses stemming from the 2022 vintage have been offset by excess spread, while cure and roll rates signal caution.
By
John Hintze
Rocket leads UWM in 2025 HMDA loan count, trails in volume
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
Mortgage rates hit a 7-month high, as buyers retreat
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
Fannie Mae, Freddie Mac shares rebound on Ackman statement
Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."
Ginnie Mae gives issuers a break, adds new prepayment data
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
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