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AARP Sues Celink and HECM Servicers

February 13, 2026
Emmeline Willey
AARP filed a class-action lawsuit against Celink and large home equity conversion mortgage servicers, claiming the parties violated state and federal laws.
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Around the Industry

February 13, 2026
Emmeline Willey
HUD seeks energy rule rescission; USDA eyes ADU inclusion; FHA applications rise.
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Brokers First Funding Plots Non-QM Growth in 2026

February 13, 2026
Abby Zimmardi
The wholesale lender’s goals include increasing brand awareness, geographic expansion and improving service levels.
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Newrez Increases Production of Non-QMs in 4Q

February 13, 2026
Abby Zimmardi
Originations of non-qualified mortgages by Newrez increased by 50% on a quarterly basis in the fourth quarter of 2025.
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Maxex and Tradeweb Collaborate on Mortgage Marketplace

February 13, 2026
Abby Zimmardi
Maxex and Tradeweb Markets announced a collaboration to expand access to mortgage investments. Tradeweb also made a strategic investment in Maxex.
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Non-QM Performance Sees Slight Recovery in December

February 13, 2026
Abby Zimmardi
The improvement was not enough to recover the ground lost in November, which ended on a Sunday.
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Fraud Involving DSCR Mortgages Rising

February 13, 2026
Abby Zimmardi
Cotality’s fraud risk index grew 1.5% year-over-year in the fourth quarter of 2025, driven by a rise in issues with debt service coverage ratio loans.
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News Briefs

February 13, 2026
Andras Malatinszky and Abby Zimmardi
More than 40 lenders using FICO Score 10T for nonconforming mortgages; Sierra Mortgage Capital launches new non-qualified mortgage product.
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Fannie and Freddie MBS Portfolios Balloon in 4Q

February 12, 2026
Dennis Hollier
MBS holdings in the retained mortgage portfolios of the GSEs doubled between June 2025 and the end of the year. And that’s before President Trump directed them to buy $200 billion of MBS. (Includes data table.)
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GSEs Shifting Practices With Cash Window

February 12, 2026
Dennis Hollier
Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons.
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