A combination of underinsurance and shrinking claim payouts is pushing homeownership out of reach for millions of people, Alanna McCargo, former Ginnie Mae president, warned in an Urban Institute paper.

Small investors, who own five or fewer properties, are increasingly turning to debt service coverage ratio financing to grow their portfolios.

Securitizations linked to data centers are mostly insulated from the direct risks of a potential AI bubble, according to industry participants.

The criteria are looser than Fitch’s previous standards. The updates include higher penalty on mortgages with DSCR below 0.75x and an expanded modification outcome scenario to derive total loss severities to second-lien collateral.

Issuance of commercial MBS in 2025 is poised to surpass last year’s volume. It’s been a strong year for CMBS across asset types except office space.

The new option allows tri-merge resellers to calculate and deliver FICO scores directly to customers, bypassing the big credit bureaus. Experian countered with a move involving VantageScore 4.0.

The National Flood Insurance Program can’t issue new policies for the duration of the government shutdown, complicating and in some cases stalling lending for properties in flood-prone areas.

Many charges in a class action against UWM were dismissed, but some Real Estate Settlement Procedures Act claims will move forward.

Annaly Capital Management is buying a portfolio of lower-coupon MSRs from Pennymac, and also tapping Pennymac as subservicer of the portfolio.

Relying on the Supreme Court’s direction to apply a “nuanced comparative analysis” for determining federal preemption, some lower courts are finding that the National Bank Act doesn’t preempt state laws.