Most of the second-quarter buybacks involved loans delivered into mortgage-backed securities issued in 2025.

The special committee of the board of directors at  Better Home and Finance has withdrawn its challenge to the preliminary report of the independent inspector of elections regarding the consent solicitation initiated by former company CEO Vishal Garg.

Artificial intelligence technology is creating new risks for mortgage lenders, according to experts speaking at a recent Mortgage Bankers Association conference.

Wholesale and correspondent lenders offered a slightly lower rate than retail lenders last year, according to a recent report by Realtor.com.

Freddie Mac Executive Vice President and Chief Risk Officer Anil Hinduja left the company last week.

Originations of home equity loans remain concentrated on HELOCs, which accounted for 80.5% of originations in the first half of this year.

James Hodge, FHFA’s acting principal deputy inspector general, said the OIG is likely going to have to reduce its staff by upwards of 80% due to the reduced funding and the OIG will cease criminal investigations.

Pivot Financial CEO Jennifer McGuinness-Lubbert noted that even though the Federal Housing Finance Agency is treating the scoring models similarly for determining loan-level price adjustments with the GSEs, the secondary market has already seen the pricing grids that Fannie Mae and Freddie Mac developed for VS4.

“The rating downgrades reflect Wells Fargo’s continued reduction of its servicing portfolio and strategic shift toward government-sponsored enterprise and owned prime portfolios,” Fitch said.

The average interest rate on a 30-year fixed-rate mortgage hit 7.28% Thursday, according to Freddie Mac.