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 […]
Pulte: GSE stock offering ‘as early as the end of 2025’ Read More »
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
TransUnion study pushes back on single-score concept Read More »
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
Tech developments in the mortgage capital markets heat up Read More »
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
Rocket’s 2026 early conforming limit hike tops others by $6k Read More »
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
FHFA seeks comment on new strategic plan for GSEs Read More »
The Supreme Court has declined to review a challenge to retroactive interpretation of a New York law that applies a new statute of limitations to foreclosures. The high court turned down without explanation a petition for a writ of certiorari in the case US Bank National Association, Trustee v. Cassandra Fox, marking the end of
Supreme Court rejects petition on New York foreclosure law Read More »
Mortgage-related securities could experience performance issues as the White House moves to furlough and potentially cut some staff amid a congressional budget impasse, an analysis by Kroll Bond Rating Agency shows. KBRA’s assessment of Congressional Budget Office, Federal Reserve Bank of St. Louis, private-label securities and credit-risk transfer data finds concentrations exist most notably in
Mortgage risks tied to federal furloughs flagged by KBRA Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. The political conversation in Washington about credit scores has reached a new level of absurdity. This is hardly a surprise, however, since the Trump Administration has targeted housing affordability as a national priority. But the conversation about housing in the nation’s capital
Why credit score politics have nothing to do with lending Read More »
A key Republican housing regulator’s responses to an inquiry from Sen. Catherine Cortez Masto, D-Nev., on the status of several Federal Home Loan Bank reforms suggests few are likely to move forward. Federal Housing Finance Agency Director Bill Pulte, who oversees the Federal Home Loan Banks, said in a letter to the senator posted on
Pulte responds to Democrats on FHLBs, meeting transparency Read More »
Bill Pulte, the head of the oversight agency for Fannie Mae and Freddie Mac, signaled that he will be taking steps to follow up on President Trump’s call for them to put a new focus on home construction companies. One step will involve tracking megabuilders’ business, Federal Housing Finance Agency Director Pulte indicated in an
Pulte hints at how Fannie, Freddie may spur builder activity Read More »