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VA Withdraws Lingering Loss-Mitigation Probe

January 30, 2026
Emmeline Willey
The Department of Veterans Affairs withdrew a three-year-old advance notice of proposed rulemaking that sought feedback on the incentives provided to VA servicers for loss mitigation.
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FHA, Ginnie Clarify Beneficial Interest Sale Guidance

January 30, 2026
Emmeline Willey
FHA formalized its requirements guiding sales of beneficial interest between FHA-approved parties, while Ginnie reminded issuers that mortgages involved in such sales are prohibited from its MBS pools.
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Turner Grilled Over Institutional Buyer Conflict

January 30, 2026
Emmeline Willey
Rep. Maxine Waters, D-CA, last week questioned HUD Secretary Scott Turner over sales of distressed assets to corporate buyers, which run counter to the Trump administration’s recent effort to push back on homebuying by institutional investors.
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Around the Industry

January 30, 2026
Emmeline Willey
HUD funding set for Senate vote; HUD upholds CAFMV requirement in CWCOT sales.
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Annaly’s Non-Agency Conduit Has Record Year

January 30, 2026
Abby Zimmardi
Annaly Capital Management achieved company records in lock volume and securitization issuance during the fourth quarter of 2025.
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Non-Agency Lenders Bracing for Decline in Interest Rates

January 30, 2026
Abby Zimmardi
With the potential for interest rates to decline further, originators in the RTL and DSCR space have varying strategies for dealing with volume changes.
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Fraud Risks Persist for Non-Agency Mortgages

January 30, 2026
Abby Zimmardi
Industry participants recently warned against common types of fraud involving DSCR mortgages and residential transition loans.
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Lenders Detail Borrower Mistakes With RTLs, DSCRs

January 30, 2026
Abby Zimmardi
At a recent conference, lenders discussed what makes a good RTL and DSCR borrower, as well as common mistakes borrowers make taking out investor loans.
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Investor Demand for DSCR Loans Expected to Persist

January 30, 2026
Abby Zimmardi
Investors in the secondary market are showing strong demand for debt service coverage ratio mortgages, even with delinquencies ticking up.
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Velocity Considering Acquiring Unidentified Company

January 30, 2026
Abby Zimmardi
Velocity this week announced a $500 million debt offering. The lender plans to use part of the proceeds to acquire a company.
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