Securities industry stakeholders say preservation of the secondary mortgage market, especially MBS futures trading on the TBA market, is essential to keeping mortgage rates low.

After revising its CMBS criteria, S&P Global ratings downgraded ratings on a number of commercial MBS deals.

The issuance follows a large securitization of home equity investments by Unlock Technologies and Saluda Grade.

Certain MSR buyers have been willing to pay lofty prices in recent years, hoping to recapture borrowers when interest rates decline. There are some questions about whether the moves will ultimately be profitable.

The CFPB is seeking to make changes to disparate impact and special purpose credit programs. The regulator also notified a federal court that it will run out of funding in early 2026.

The GSE investor said part of his plan can be accomplished immediately, but ending the conservatorship may take three years.

The U.S. Mortgage Insurers said FHA’s Mutual Mortgage Insurance Fund is overdue for reforms, with the 2% capital ratio requirement not sufficient to meet the standards the GSEs and private insurers must satisfy.

The lock-in effect is expected to thaw and boost originations, but first-time homebuyers still look to be priced out of the market next year.

The nomination of Stuart Levenbach helps keep Russell Vought as the acting director of the CFPB.

As non-qualified mortgage loans are becoming more prevalent, warehouse lenders are considering new ways to fund the sector, according to Jon Ruiss, a partner at the law firm of Alston & Bird.