Palisades is an alternative asset manager founded in 2012.

"He is hurting Americans and hurting the mortgage market, which I am responsible for regulating," Bull Pulte, director of the Federal Housing Finance Agency, said of Fed Chair Jerome Powell.

The planned securitization is slightly larger than the $310.6 million deal the nonbank issued at the end of April.

Annual home price appreciation slowed to 2.1% in May, the lowest level seen since March 2012.

The last time there was a meaningful decline was the second quarter of 2021.

There’s a $381.4 million expanded-credit MBS and a $309.3 million jumbo MBS.

Agency securitization of high-balance loans declined by 46.0% on a quarterly basis to $8.70 billion in the first quarter of 2025.

It’s the first jumbo MBS from a PennyMac unit since a one-off issuance in 2013.

The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.

The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.