The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.

SFA is close to offering a first iteration of the revisions, which will focus on prime jumbo MBS.

Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...

The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...

The VA said the program was being developed within its existing regulatory authority, which means the Administrative Procedures Act would not apply.

Some $121.38 billion of mortgages to first-time homebuyers were included in agency mortgage-backed securities issued during the second quarter, up 41.4% from the first quarter.

Michael Devito's departure means Freddie will be conducting its third CEO search in four years.

“You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.

“Millions of Americans [are] paying more for homeowners insurance — often with less protection than before — while others are scrambling to find any insurance at all, because their insurer has refused to renew their policy,” said Sen. Sherrod Brown, D-OH, chair of the Senate Committee on Banking, Housing and Urban Affairs.

Downward pressure on home prices from rates and upward pressure from demand and limited inventory will likely balance each other out.