Better has filed a lawsuit against founder and former CEO Vishal Garg for alleged violations of SEC standards.

The appellate court ruled that entities that purchase defaulted mortgages must be licensed in the state.

Loans in the planned securitization were originated by Resfin Partners, an affiliate of investment firm Castlelake.

Preferred equity and residual-interest debt financing are increasingly being used in ABS and CLO transactions.

Runoff of agency MBS from the Federal Reserve’s portfolio appears slow but is close to actual Fed projections.

The increase in the delinquency rate in the second quarter of 2026 erased improvements seen in the first quarter. Delinquencies are also expected to rise through the end of the year. (Includes two data tables.)

Trade groups agree that the reputational harm provision of the suspended counterparty program regulation is redundant.

Some subservicers are offering to pay deboarding fees charged by competing subservicers to help prompt transfers. MSR owners have some hesitation beyond fees, including risks from transfers.

A group of state regulators fined Newrez for servicing issues, while California fined Academy Mortgage for lackluster cybersecurity.

HomeXpress Mortgage originated $1.1 billion of loans during the second quarter of 2026 and posted a profit of $8.7 million.