To date, nonbank lender/servicers that play in the conventional/government arena have had mixed success in capitalizing on using REITs that sell shares to the public.

Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.

Dubbed HMBS 2.0, the securitization product would give Ginnie MBS issuers a new funding mechanism to buy back loans with balances over 98%.

Goldman aggregated HELOCs from various lenders for the new securitization.

To this point, UWM has originated home equity lines of credit but not closed-end seconds.

Applications in late May hit the lowest level seen since March.

The Trump administration made substantial progress toward ending the conservatorship of Fannie Mae and Freddie Mac.

A working paper from the FHFA used data from appraisals to estimate energy usage across time.

Lenders took an average pre-tax loss of $645 per loan originated in the first quarter compared with an average loss of $2,109 per loan in the previous quarter.

Fannie Mae and Freddie Mac issued $428.04 billion of Supers deals backed by first-level uniform MBS during the first quarter of 2024.