The impairment rate on securitized non-qualified mortgages didn't recover in December after a spike in November that was thought to be tied to the month ending on a Sunday.
GSE purchase-mortgage business with private MI declined at about half the rate of the decline seen in FHA purchase-mortgage business in the fourth quarter of 2025.
Rating criteria for securitizations of residential transition loans has helped boost investor participation in the sector, according to officials at Morningstar DBRS.
The conservative-majority justices appeared critical of the arguments from Trump’s Solicitor General D. John Sauer and expressed concern that Trump’s move could “shatter” the Fed’s independence.