The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...

The $365.4 million deal is stocked with loans originated number a number of firms.

Elevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.

The REIT bounced back after losses in the previous two quarters.

“There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.

Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.

Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”