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Freddie Mac reports strong Q1 as lower rates drive refinance growth

Freddie Mac posted a strong start to 2026, reporting $3.6 billion in first-quarter net income as lower mortgage rates boosted refinancing activity and the government-sponsored enterprise (GSE) continued to build capital. Its profit rose from $2.5 billion in the fourth quarter of 2025. Speaking during the company’s earnings call on Thursday morning, Jim Whitlinger, the…

HEIs face identity debate as lawsuits mount, state regulators close in

Allen Price will quickly correct you if you call home equity investment (HEI) customers “borrowers” or the product a “loan.” “These are not borrowers because they are not borrowing money. This is not a loan but a contract,” said Price, head of sales at BSI Financial Services, which services HEI portfolios for top originators in…