Phoenix Capital is auctioning off a $661 million portfolio of conventional mortgage servicing rights.

Deliveries of rate-term refinances into agency MBS declined by almost 40% on a monthly basis in December.

Property insurance costs are expected to increase due to the LA-area fires.

The maximum principal balance of the transaction, known as Series 2024-VF2, is $1 billion and the aggregate committed amount is $500 million.

If Congress takes up GSE reform, Mark Calabria, who served as director of the Federal Housing Finance Agency during the first Trump administration, has some suggestions.

The nomination hearing for Scott Turner to lead HUD is scheduled for Jan. 16.

While the bank was a big player in the mortgage market before the financial crisis of 2008, its mortgage business has been limited more recently.

The company allegedly failed to fully cooperate with state regulators following a data breach.

If the GSEs comply with the Federal Housing Finance Agency’s existing capital rule, maintain strong risk-adjusted earnings and uphold a dominant market presence, a stand-alone rating in the A category could be possible for the firms.

The non-agency servicer has 32 full-time computer programmers.