Fitch issues stark warning for mortgage servicing recapture in 2027

Many AI-related stocks have seen major volatility in 2026, with several high-flying names pulling back sharply after huge runs earlier in the year. Vertiv VRT, Applied Optoelectronics AAOI, and Innodata INOD are three notable examples, with each trading well below its respective 2026 high. Given that their underlying growth stories remain largely intact, the weakness…

Reverse Mortgage Funding, LLC (RMF) participated in Ginnie Mae’s Home Equity Conversion Mortgage-Backed Securities (HMBS) program, originating reverse mortgages and securitizing them through government-backed pools under a guaranty agreement executed in July 2021. In late 2022, RMF filed for Chapter 11 bankruptcy – an “immediate default” under that agreement.  To keep operating, RMF turned to Texas…

Key Points SoFi’s product innovation is likely a big driver of its customer additions and revenue growth. Although credit risk is always present for banks, this company’s booming profitability should alleviate investor concerns. At a forward price-to-earnings ratio of 21, SoFi shares are just slightly more expensive than the S&P 500 index. 10 stocks we…

Mortgage rates dropped again today, and at a much faster pace than yesterday’s decline. Top tier 30yr fixed rates are now down to 7.33% for the average lender, a drop of more than 0.25% from the long-term highs seen just last week. There are a lot of moving parts behind the scenes so let’s focus…

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