Currently, a handful of states have specific regulations for HEIs and federal oversight is limited as the Consumer Financial Protection Bureau is evaluating the market.

An affiliate of JPMorgan Chase was the winning bidder on an auction by Freddie Mac of nonperforming loans with a balance of $188.3 million.

Fairway Independent Mortgage Corp. established a $1.0 million fund to help with the recovery from Hurricane Helene.

Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.

The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.

The annual home price growth rate may slow further in September, according to Intercontinental Exchange.

Securitization rates held steady in the second quarter for conventional-conforming as well as government-insured mortgages. In the non-agency market, demand from MBS investors declined. (Includes data table.)

FINRA received approval from the SEC to shorten reporting requirements for most trades of MBS and ABS from within 15 minutes to within one minute of a deal having transpired.

Morgan Stanley acquired a portion of the failed Signature Bank’s multifamily loans in March. Many of the loans differ in structure from the typical loans that go into commercial MBS.

The biggest increases in home equity lending this year have been seen at nonbanks. Rocket Mortgage more than doubled its originations of closed-end second liens in the first half of 2024 from a year ago. (Includes three data charts.)