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Rithm Capital has reached an agreement with a large institutional investor to fund the acquisition of RTLs, a category that includes fix-and-flip and bridge loans. There’s been some speculation its partner could be another publicly traded REIT. insidemortgagefinance.com/articles/234950

VA-backed loans led an increase in foreclosure auctions in the second quarter, increasing 428% on an annual basis, according to Bounce Auction. The number is skewed because of pandemic-era foreclosure moratoriums that lasted through the end of 2024. insidemortgagefinance.com/articles/234893

PennyMac started issuing non-agency MBS through its REIT affiliate in the fourth quarter of 2024, with $822.1 million in issuance. In the second quarter of 2025, even with the volatile demand for non-agency MBS, PennyMac issued $1.03 billion. insidemortgagefinance.com/articles/234900

According to the latest forecast from Mortgage Bankers Association, the average interest rate for a 30-year fixed-rate mortgage is expected to decline from 6.8% in 2Q25 to 6.6% in 2Q26. Fannie Mae economists are more optimistic: They project a rate of 6.4% in 4Q25. insidemortgagefinance.com/articles/234964

New business in Fannie Mae’s multifamily sector jumped from $11.8 billion in the first quarter to $17.4 billion in the second — but still a far cry from the recent peak of $22.5 billion in the fourth quarter of 2024. insidemortgagefinance.com/articles/234967

“Assessments based on national statistics tell us little about the state of the nation’s housing supply. It follows from this that policies based on national aggregations are almost inevitably misguided,” a new Urban Institute report says. insidemortgagefinance.com/articles/234864

During 2Q earnings calls, officials at several prominent investment shops expressed relief that the government plans to maintain an implicit guarantee for the GSEs as part of any potential reform. But no one’s expecting any major moves any time soon. insidemortgagefinance.com/articles/234946

“Elevating a property above the floodplain [when] the property is constructed is the least costly time to do so and can save [owners] money on flood insurance,” American Property Casualty Insurance Association’s Don Griffin said. “More importantly, it may help them avoid a flood altogether.” insidemortgagefinance.com/articles/234901

Los Angeles-based Royal Business Bank held residential mortgages with an unpaid principal balance of $1.60 billion in portfolio as of the end of June. Most of the loans are non-QMs. RBB originated $120 million of loans in 2Q25, up 7.1% from 1Q. insidemortgagefinance.com/articles/234885

Michael Carnes, a managing director of valuations at MIAC Analytics, says in some cases he’s seen bids on Ginnie Mae MSR as high as 5.5-times the servicing fee of 44 basis points. Two years ago, the norm for Ginnie bids was 4-times the servicing fee. insidemortgagefinance.com/articles/234941

BofA Global Research says the absence of widespread modeling based on VantageScore data may limit investor demand for loans scored solely with the new model. That could be a problem; the GSEs will accept either VantageScore 4.0 or Classic FICO, not both. insidemortgagefinance.com/articles/234949

According to National Association of REALTORS®, 47% of foreign homebuyers paid all-cash in the 12-month period ending March 2025 compared to 28% of all U.S. homebuyers. Among foreign buyers who purchased a home during the same period, 40% used a mortgage from a U.S. lender. insidemortgagefinance.com/articles/234882

The variable mortgage insurance premiums for FHA multifamily loans are cost-prohibitive to certain FHA programs, says NAHB 🏠. The group suggests that premiums should be lowered as far as possible while still accounting for the risk of the mortgage. insidemortgagefinance.com/articles/234899

Rocket’s servicing portfolio is poised to grow significantly with the upcoming acquisition of Mr. Cooper Group. As of the end of June, Rocket’s servicing portfolio had a total UPB of $609.0 billion; Mr. Cooper handled $1.51 trillion in primary servicing. insidemortgagefinance.com/articles/234966

Credit reporting isn’t the real hurdle to homeownership, says Center for Responsible Lending’s Sara Weiss. The main impediment is simply having enough money to afford a downpayment and to make principal and interest payments on a mortgage. insidemortgagefinance.com/articles/234923

Mortgage holdings at both GSEs were up in 2Q25, totaling $84.82 billion at Fannie and $96.54 billion at Freddie. For Fannie, that was a 5.6% sequential increase and up 5.9% from midyear 2024. For Freddie, those numbers were 4.9% and 10.1%, respectively. insidemortgagefinance.com/articles/234962

Get a complete picture of the state of the residential mortgage industry from the comprehensive, highly reliable data — on originations, servicing, government market, profitability, MBS, ABS and more — in IMF’s Mortgage Market Statistical Annual. insidemortgagefinance.com/products/31680…

As part of an effort to expand homeownership among veterans, the ROAD to Housing Act would require the FHFA director to issue a rule to include a military service question on the Uniform Residential Loan Application. insidemortgagefinance.com/articles/234953

JPMorgan Chase reported an $84 million increase in mortgage fees and related income from 1Q to 2Q. The improvement was spread evenly between a $41 million increase in production revenue and a $43 million boost in net servicing revenue. insidemortgagefinance.com/articles/234943

During Rithm Capital’s 2Q earnings call last week, CEO & President Michael Nirenberg said, “Right now, when you look at [Newrez] and the growth of the company, we’re likely not going to list it separate today. We’re going to continue to grow the business.” insidemortgagefinance.com/articles/234944