Fix-and-flip properties accounted for a larger share of home sales in the first quarter than they did in late 2022. But low inventory may put the brakes back on.

The federal government’s new income-driven repayment plan, introduced after the Supreme Court decision, should drive prepayments higher to the benefit of seasoned deals, rating services said.

Ashford Hospitality Trust, a Dallas-based REIT, says handing back the keys on 19 hotels will cut the company’s debt by about $700 million, a reduction of more than 18%.

Ratings for securitizations of residential transition loans are in the works following the issuance of a handful of unrated deals.

The Federal Reserve says that lessons learned from the last round of quantitative tightening will allow the process to be faster this time.

FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.

Two former Movement employees triggered the investigation against the lender when they filed a whistleblower civil action in 2018.

When rates rise, holders of MSRs can benefit by increasing the value of this esoteric asset. Now that the second quarter has ended, the biggest beneficiaries will be shops that took it easy when it came to hedging.

The Consumer Financial Protection Bureau’s funding structure is unconstitutional, a bevy of new amicus briefs argue. But they part ways on how to remedy the problem.

Rate lock volume continues to tumble in 2023, with the biggest declines coming from locks on rate-term refinance loans.