Scaling from Freelancer to Business Owner

The Department of Veterans Affairs ended a break for borrowers put at a disadvantage by a discontinuation of pandemic aid as they transitioned to a new program. View the full article

Total foreclosures rose 3% from September and 19% from the same time a year ago in October, marking the eighth straight month of increases. View the full article

The latest foreclosure report adds to evidence from housing research groups that economic difficulties are beginning to impact a rising number of homeowners. View the full article

Higher unemployment has driven these indications of distress higher but most loans that financial institutions hold in their portfolios are still performing. View the full article

Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.

The average loss from the two categories is almost seven times higher than the mean amount for all other types, according to research from ALTA and Milliman. View the full article

Jerry Halbrook, who also held key roles at a number of mortgage lenders like Pennymac and Nexstar, has been named president and COO of Covered Insurance. View the full article

Hsieh stepped down from a day-to-day operational role following a contentious proxy battle for board leadership in 2023 but remained a director. View the full article

Duncan announced the launch of a new company in a social media post in early April after retiring from the government-sponsored enterprise at the end of 2024. View the full article

The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury's under secretary for domestic finance on a party-line vote, installing a key industry ally in the Treasury Department. View the full article

The Consumer Financial Protection Bureau's Acting Director Russell Vought has an obligation to request funding for the agency, five former Federal Reserve officials said. Plus, three nonprofits sue Vought and the CFPB. View the full article

A handful of former Fed officials noted that the markets' measured response to a probe into Fed Chair Jerome Powell was a result of pushback from The President allies. View the full article

The ex-employee was accused of violating conflict of interest rules and submitting falsified documents for $1.7 million worth of loans in her six-month tenure. View the full article

FFIN 2025-3's average loan balance, $16,366 was lower compared with the 2025-2 deal, when it was $19,993, and the WA interest rate on the current deal is 12.15%, down from 12.56%. View the full article

The Virginia man filed a false tax return in 2021 claiming an $18.3 million refund, working with a co-conspirator to defraud a real estate agent. View the full article

Metrics the influential government-related mortgage investor is adding appear to be in line with a broader move to examine the impact of serial loss mitigation. View the full article

Quality Control Advisor Plus is an integrated system which brings together previously separate units, cutting months off of Freddie Mac's current QC process. View the full article

Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president. View the full article

A government-sponsored enterprise executive shared his take on the financial implications of Federal Housing Finance Agency Director Bill Pulte's initiatives. View the full article

The option for holders of older government-sponsored enterprise bonds that predated the move to uniform mortgage-backed securities now has a deadline. View the full article

The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership. View the full article

New rules means sellers and servicers will need to have plans demonstrating proper oversight of their artificial intelligence and machine learning practices. View the full article

Freddie Mac's investment in affordable housing increased by 17% in 2025 compared with the year prior, the government-sponsored entity said. View the full article

But the company took a credit loss provision in the fourth quarter, deciding to add to its reserves because of new mortgage acquisitions to its portfolio. View the full article