The spread between the 10-year Treasury yields and 30-year fixed mortgage rates tightened at the end of 2025, largely driven by Fannie Mae and Freddie Mac increasing their holdings of mortgage-backed securities, a Keefe, Bruyette & Woods report claimed. Processing Content But a bigger picture issue overhanging the increase in portfolio size is should the […]
Mortgage spreads are narrowing, but for which reason? Read More »
United Wholesale Mortgage is trying to erase the remnants of a lawsuit which prominently scrutinizes the megalender’s relationship with its thousands of mortgage broker partners. Processing Content A federal judge gutted the racketeering class action suit last fall, which accuses the wholesale leader of conspiring with loyalist brokers to steer customers to higher-cost home loans.
UWM trying to toss lingering RESPA class action claims Read More »
First Federal Bank, headquartered in Lake City, Florida, is expanding its retail mortgage operations into Louisiana and Mississippi with the acquisition of NOLA Lending Group. Processing Content The mutual bank signed a definitive agreement to purchase NOLA Lending, a mortgage division of Louisiana-based Fidelity Bank, it announced in a press release Monday. The financial details
First Federal purchases Fidelity’s mortgage division Read More »