On the rural housing front, Freddie expects to increase its SFI purchase target from 3,600 to 3,900 loans in 2020 to as much as 4,800 units this year...

One twist: As part of the proposed transaction, Blackstone will take a stake in the Chicago-based GR. However, no specifics were provided.

The $108 million Series B capital raise follows a $20 million investment Insight had made earlier.

The nonbank lender/servicer filed its initial IPO documents in early October and was reportedly set to price the offering later that month.

During the COVID crisis, many states have temporarily allowed licensed MLOs to work from their (unlicensed) homes, rather than branches...

Officials at Acra suggest it's largely business as usual for Citadel, beyond the name change.

Reverse Mortgage Funding maintained its second-place position but trailed far behind with $743.5 million. Finance of America, which is controlled by the Blackstone Group, moved up a notch to third place with $577.0 million.

Issued in late November, the new FHFA regulatory framework mandates Tier I capital of at least 4.0% for Fannie and Freddie, a bar that some stakeholders believe is too high.

Still, the overall share of ARMs is declining. The loans accounted for 7.5% of first-lien originations in the first nine months compared to 10.8% for full year 2019.

To date, the Irvine, CA-based nonbank has raised $81.5 million through the sale of preferred equity...