Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.

Dubbed HMBS 2.0, the securitization product would give Ginnie MBS issuers a new funding mechanism to buy back loans with balances over 98%.

Goldman aggregated HELOCs from various lenders for the new securitization.

To this point, UWM has originated home equity lines of credit but not closed-end seconds.

Applications in late May hit the lowest level seen since March.

The Trump administration made substantial progress toward ending the conservatorship of Fannie Mae and Freddie Mac.

A working paper from the FHFA used data from appraisals to estimate energy usage across time.

Lenders took an average pre-tax loss of $645 per loan originated in the first quarter compared with an average loss of $2,109 per loan in the previous quarter.

Fannie Mae and Freddie Mac issued $428.04 billion of Supers deals backed by first-level uniform MBS during the first quarter of 2024.

The 30+ day delinquency rate stood at 3.09% at the end of April.