The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.
July 11
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The veteran commercial real estate finance broker aims to change the status quo by increasing securitization efficiency.
July 11
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Federal Reserve Gov. Christopher Waller said that criticisms of the Fed's balance sheet and calls to return to a scarce reserves system are misinformed, saying that much of the central bank's balance sheet is the result of activities outside the Fed's control.
July 10
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The loans are secured by single-family residential properties, townhouses, planned-unit developments, condominiums, and two- to four-family residential properties.
July 10
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The collateral is a portfolio of well-diversified, primarily senior secured leveraged European loans and bonds.
July 10
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The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
July 10
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The notes are enhanced by a credit risk transfer agreement with Fannie Mae.
July 9
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Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
July 9
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The transaction is a securitization of 4,841 prime residential owner-occupied mortgages originated in England, Scotland and Wales by Newcastle Building Society.
July 9
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The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
July 8
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The portfolio has high credit quality loans and geographic concentration.
July 8
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New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
July 7
