Sequoia Mortgage Trust 2025-6 (SEMT 2025-6) has issued 60 residential mortgage-backed certificates which are supported by 402 loans with a total balance of $478.8 million. The pool comprises first lien, fully amortizing fixed-rate mortgages with 15- and 30-year maturity terms, which were acquired by Redwood Residential Acquisition Corp. from various mortgage originators. The collateral is […]
Sequoia raises $478 million in RMBS Read More »
Adobe Stock A federal jury has convicted Oluwaseun Adekoya of bank fraud conspiracy, money laundering conspiracy and aggravated identity theft. The case offers an in-depth look at a rising threat to banks and credit unions: identity theft used to steal from customers’ home equity lines of credit. A two-and-a-half-week trial exposed Adekoya as the ringleader
How an identity thief stole $2 million from HELOCs Read More »
The Mortgage Bankers Association was pleased the Senate version of the reconciliation bill keeps many of its priorities in place, while taking out the so-called revenge tax. However, the bill does differ from the House of Representatives version and the two need to conform before it can go to President Trump for signature. Furthermore, because
Senate tax bill keeps MBA wins, guts CFPB funding Read More »