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The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.

Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.

The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found.

Economic forecasts include the possibility of higher inflation and slower growth that could stall future cuts to the federal fund rates.

EBRD plans to transfer part of the risk tied to roughly $1 billion of private-sector loans to a group of pension funds and asset managers.

Rocket argues it was unfairly tied to discrimination accusations, arguing the government aimed for "headline-grabbing claims" to bolster its case.

Underwriting methods have been steadily shifting to traditional full documentation, which accounts for 13.3% in the VERUS 2024-9, KBRA said, its largest share since VERUS 2024-6.

The Federal Reserve chair is not concerned about President-elect Trump nominating his successor well in advance of the end of his term in 2026, saying he is "confident" he will have a productive relationship with the next Treasury Secretary.

The rally left yields lower by at least three basis points, with short maturities — more sensitive to Fed policy changes — falling the most.