Economists at Fannie Mae revised their interest rate projections, anticipating that rates on mortgages will stay higher for longer.

The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.

The Canada Pension Plan Investment Board manages a pension fund with $448.1 billion in holdings.

Invictus has an MBS with non-agency mortgages for investment properties, Figure is marketing a HELOC securitization and Rocket is offering a closed-end second deal.

Jumbo mortgages accounted for 14.7% of total first-lien originations in 2023, the lowest share for the sector since 2010.

A decrease in competition from banks is helping Velocity Financial with business purpose loans.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.

Production of expanded-credit mortgages declined 16.9% last year, while total first-lien originations dropped 40.6%.

Neuberger Berman last issued an expanded-credit MBS in August 2022.

The REIT associated with Angel Oak companies reported a profit for 2023 after taking losses in the prior year.