Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.

In the third quarter, conforming jumbos accounted for 5.4% of total agency business.

“For MBA, the most critical issue to address before releasing the GSEs is the establishment of an explicit federal backstop for mortgage-backed securities,” according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

At the end of fiscal 2024, the bureau had 1,758 employees, up 5% from a year earlier.

It's the first securitization of closed-end second liens from the affiliate of Ellington Management Group.

FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.

The baseline conforming loan limit for a one-unit property will be $806,500 for 2025.

FHA is making adjustments based on lessons learned from temporary policies established during the pandemic.

“This program will facilitate much-needed liquidity for issuers while improving the stability of the government-backed reverse mortgage market,” said Sam Valverde, Ginnie’s acting president.

The jumbo share of total first-lien originations narrowed to 12.4% in the third quarter from 13.1% in the second.