The National Association of Insurance Commissioners voted to reduce restrictions on mortgage investments by insurance companies, providing more incentives for the firms to buy non-agency assets.
A group of 30 major servicers handled an estimated $1.44 trillion of jumbo mortgages at the end of March, a 1.0% increase on a quarterly basis. (Includes one data table.)
Luxury home sale price growth outpaces non-luxury prices; Newfi Lending integrates income analysis tool with Prudent AI; Velocity Financial appoints new chief technology officer.
Although President Trump directed the GSEs to purchase an additional $200 billion in agency MBS, they do not appear to be on track to accomplish that by year end.
A superior court decision centered on a bank-fintech partnership rejected the state’s argument regarding the “true lender,” providing protection for secondary market participants.