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.

The new plans from FHFA focus on efforts for rural markets, manufactured housing and first-time homebuyers.

Tom Rettinger, chief portfolio risk officer at CrossCountry Mortgage, noted that prepayment models were built for a more balanced interest rate environment.

Government lending increased by 14.5% while the rest of the market rose just 4.3%.

The initial offering size was $378 million, but Rithm said the deal was increased due to "demand for the securitization's unique structure and underlying asset portfolio."