Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure. Attorneys general and mortgage regulators in 50 states, as well the District of Columbia, agreed to a s

The recent executive actions of President Donald Trump could impede the implementation date of Ginnie Mae’s new complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program — but not in the way you might think. The president did hand down an order aiming to freeze outstandin

Mortgage rates have been static in the first month of 2025. The long-term costs of a home loan are keeping borrowers on the sidelines as rates have been above 7% since Christmas — the longest such stretch since July 2024 when they were in the middle of a long and steady decline. But lenders and borr

Editor’s note: This story has been updated with further information released by the Trump administration, as well as statements from the Mortgage Bankers Association and the Federal Housing Administration. The Trump administration caused confusion across numerous industries on Tuesday morning when i