The first rated HEI securitization, brought to the market by Saluda Grade and Unlock Technologies, received a BBB rating from DBRS.

Industry trade associations and consumer groups have expressed support for proposed rules on how servicers must engage with delinquent FHA borrowers.

Activity in the sector is expected to pick in the coming months as DBRS is close to establishing criteria to rate securitizations of residential transition loans.

Even with elevated interest rates, some borrowers are opting for cash-out refinances to tap home equity.

Speaking at a recent MISMO summit, FHA Commissioner Julia Gordon said her biggest frustrations at FHA center around technology and procurement.

Movement Mortgage is the first lender to announce that it will be using FICO Score 10-T for originating non-agency loans.

The court ruled that charging pay-to-pay fees from borrowers who made monthly mortgage payments over the phone violated the Texas Debt Collection Act.

Two expanded-credit MBS started marketing this week, along with a HELOC securitization.

Acra Lending implements Tavant solution; Angel Oak Mortgage announces guideline enhancements; Fluent Mortgage expands East Coast footprint; ClearEdge Lending adds P&L underwriting to all non-QM programs.

FHA staff had asked HPC whether a repayment plan, an informal forbearance plan or a trial payment plan would be better options for delinquent borrowers rather than a standalone partial claim.