“Our profitability is great,” said Stan Middleman, president and CEO of Freedom Mortgage. “It’s just not coming from originations this year.”

In the conventional-conforming sector, the securitization rate rose to 71.4% from 68.8% as Fannie Mae and Freddie Mac churned out new MBS faster than the market was making new loans.

Delaware Supreme Court Chief Justice Collins Seitz wrote that ACE’s argument against making an insurance payout would effectively exclude “just about anything remotely connected to the professional service” from receiving insurance coverage.

Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.

Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”

Margin calls on MBS investors using leverage?

Lending tied to the GSEs will largely carry on as usual though government-insured business could face some difficulties during a government shutdown.

Fitch and DBRS weathered the sharp drop in rated non-agency MBS issuance better than their competitors.

Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.

The team that transitioned from Civic Financial Services to CV3 accounted for 90% of Civic’s estimated $3 billion loan production in 2022.