The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.

Rithm would like to spin off Newrez but, in general, the market hasn’t been treating mortgage equities very well these days.

Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.

The order retains the prohibitions on destruction of records, wholesale termination of contracts, and transfer of funds.

Bulletins from the GSEs detailed updates to servicing guidelines.

Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.

“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

Meanwhile, investors aren’t necessarily fleeing into the safety of the government bond market.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.