As the week began, the yield on the benchmark 10-year Treasury was at 4.27%, a few ticks below its 52-week high.

Default rates on Fannie/Freddie loans continued to decline in the third quarter of 2022, while FHA-insured loans in Ginnie MBS pushed the overall Ginnie delinquency rate higher.

Over the past two years, Marlin Mortgage has made a name for itself as a buyer of conventional servicing rights. Now it is ready to pounce in the Ginnie market. A new proposed company acquisition may help.

While homeowners have record amounts of tappable equity, home-equity lenders face some challenges, navigating both a decline in home prices and rising interest rates.

The failure of nonbanks as a sector “could spark another crisis and tear at the fabric of the economy,” said Yu Shan, assistant professor of Finance at the Whitman School of Management at Syracuse University.

Structural inequities make it more difficult for Black households and other people of color to make on-time rental and utility payments compared to the average white household, the Urban Institute noted in a new report.

Other financial eligibility standards announced at the time remain in place...

FHFA applies a capital treatment to banks that differs from those used by federal banking regulators. The differences could limit banks’ ability to access Federal Home Loan Bank advances.

Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity.

If FHFA allows the GSEs to accept multiple credit scores, economists worry similar scores won’t indicate the same level of credit risk.