The company, which buys and sells homes directly, cautioned that it may not have sufficient cash flow from its businesses to pay down its substantial debt.
Bank of America, the largest MBS investor in the banking industry, added $108.26 billion of GSE pass-throughs to its portfolio during the fourth quarter.
But first, some background: In 2015, NAMIC and the American Insurance Association successfully challenged the Department of Housing and Urban Development’s final rule on the use of disparate impact to prove allegations of unlawful discrimination with regards to homeowners’ insurance.