The lender has been originating non-agency reverse mortgages since 2018, and had been selling the loans to an unidentified third party through April 2025, according to Morningstar DBRS.

The unemployment rate increased from 4.4% in September to 4.6% in November.

Correspondent and broker channels gained market share for nonconforming loan originations in the third quarter, according to a new Inside Nonconforming Markets analysis of proprietary survey data.

The number of homeowners with negative equity increased in the third quarter, according to a new report by Cotality.

Priscilla Almodovar to join Fifth Third board of directors.

“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.

The issuance looks to have been prompted by a joint venture SG Capital formed earlier this year known as Hillgrowth Acquisition.

The average combined LTV ratio for loans in the pending $365.0 million MBS from Citi is 82.8%.

The amount, coupon and maturity of Freedom Mortgage's planned debt offering will be determined at the time of issuance, according to Fitch Ratings.

Eighteen of the 30 servicers had decreases in jumbo servicing from the second quarter to the third.