Soaring home price appreciation in recent years has created plenty of tappable home equity. Firms offering equity-extraction products use various techniques to make homeowners aware of their offerings.

Lower interest rates bring refi opportunities; borrowers experience frustration at closing; improvements at Provident Funding Associates; Spanish translation efforts; tech firm acquires mortgage brokerage.

Freddie is adding loan mod functions to its Resolve system and retiring Workout Prospector. The GSE is also setting new fraud reporting requirements for lenders and servicers.

Some lenders are hiking their loan limits for GSE deliveries ahead of FHFA’s announcement on conforming loan limits for 2025.

FHFA’s OIG found some inconsistencies in how FHFA reviews the GSEs’ compliance with flood insurance requirements.

A nonprofit has called on the Federal Home Loan Banks to launch a program for mortgages with terms of 40 years, arguing the products will help to address affordability issues.

House committee hearing on FHFA’s “vanishing independence” to be held next week; FHLBank of Pittsburgh moving headquarters.

At the end of June 2024, the GSEs accounted for 47.6% of servicing outstanding.

It will be the 10th warehouse securitization from loanDepot.

It’s the 14th expanded-credit MBS from Annaly this year, amounting to $7.57 billion in volume.