HECM Mortgage-Backed Securities (HMBS) issuance totaled $563 million in January, up from $481 million in December but slightly below January 2025’s $589 million, according to New View Advisors. The month saw 72 pools issued, seven more than in December. Finance of America led issuers with $182 million, an increase of $33 million from December. Longbridge…
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A national shareholder rights law firm has launched an investigation into PennyMac Financial Services Inc. over potential violations of federal securities laws. Glancy Prongay Wolke & Rotter LLP, which represents investors and consumers in securities litigation, said the probe follows PennyMac’s Jan. 29 release of fourth-quarter and full-year 2025 results, which showed revenue of $538…
Fannie Mae and Freddie Mac did not recommend approval of the VantageScore 4.0 credit model and supported a bi-merge reporting option, rather than the single-file option that’s been the subject of recent debate. This is according to conclusions reached by the Housing Policy Council (HPC) after it reviewed 316 pages of documents released by the…
NAVICA announced a strategic partnership with Restb.ai to deliver artificial intelligence (AI)-driven listing services directly within the NAVICA MLS platform. Through the partnership, Restb.ai’s AI solutions are embedded natively into NAVICA’s listing workflows — allowing MLS customers to deploy AI-powered automation without adding separate tools or vendors. “This partnership is about delivering practical, enterprise-grade AI…