Alerting delinquent borrowers of their home equity might lead some to sell for a profit, avoiding the costs and disruptions incurred by foreclosure, according to industry analysts.

With the near-term outlook hazy for the government’s SNAP food assistance program as the shutdown drags on, any reduction or end to payments could add to the mounting financial pressures recipients already face, putting pressure on ABS performance.

Fintech firm Pagaya inked a forward flow agreement with investment firm Castlelake for up to $500 million in auto loans.

With the acquisitions of Redfin and servicing giant Mr. Cooper complete, Rocket Mortgage’s executives say the lender is positioned to take advantage of sliding interest rates.

The extended partial shutdown of the federal government is putting stress on some mortgage borrowers.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.

Click n' Close said new locks on USDA loans will be eligible for extensions through the end of the year.

Borrower payoffs continued to make up the bulk of removals from Ginnie MBS. But the increase in third-quarter volume was led by FHA loan removals for delinquencies and foreclosures. (Includes two data tables.)

FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee this week, relying on stock language or otherwise sidestepping in their responses.

Pennymac is allowing disabled veterans to use their anticipated property tax exemption for loan qualification purposes in certain states.