The plaintiffs, property investors Cassaforte Limited and FRF 348 Quincy, began the case in October 2019.

Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.

The deal received a preliminary A rating from Morningstar.

Visio Financial Services originated 56.2% of the loans in the $324.1 million investment property MBS.

The monthly decline in home prices in January was the first decline since August 2022.

Loans originated by Rocket Mortgage account for 80.2% of the planned $316.0 million issuance.

The Fed plans to reduce the speed of the runoff of Treasuries and MBS from its balance sheet "fairly soon," according to Fed Chair Jerome Powell.

The company believes its ability to source loans through its affiliate lender, Angel Oak Mortgage Solutions, can provide insurance companies with more bespoke investment options than its competitors.

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.