The planned IPO will help Figure expand into other markets.

The revised forecast projects an average interest rate of 6.5% at year-end.

Caliber Home Loans, which was acquired by Newrez in 2021, has agreed to a settlement to resolve allegations of overcharging borrowers.

The Trump administration is describing The Great American Mortgage Corp. as "the all new Fannie Mae and Freddie Mac: bigger and better than ever."

Private MI covered 16.4% of new mortgage production in the second quarter.

“Ultimately the goal is to continue to find ways to do more at a lower cost,” said one large unidentified lender surveyed by Fannie.

The MBA anticipates upward pressure on mortgage delinquencies.

Increased deportation risks and uncertainty about the future of some immigration programs have led non-QM lenders to reduce lending to non-resident borrowers.

The maturation of private credit will be a key stepping stone for companies looking to issue ABS, according to a manager at a private investment firm.

FHFA is working on changes to the GSEs' loan-level price adjustments, according to FHFA Director Bill Pulte.