Denis McDonough, secretary of the Department of Veterans Affairs, said VA’s track record on mortgage financing is the best in the industry and that foreclosures among VA borrowers are extraordinarily rare.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.

The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

The bulk of the production at the bank comes through the correspondent channel via AmeriHome.

Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

The decision to revive the pilot came just days before President Biden’s State of the Union address.

“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.

The pilot will only be available "in a handful of states."

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

H.R. 5535, the Insurance Data Protection Act, would eliminate the authority for the Treasury Department’s Federal Insurance Office and Office of Financial Research to issue subpoenas to force insurance companies to provide data to the offices.