General

KBRA assigned a rating to a new series of servicing-related term notes from a master trust issuer at Freedom Mortgage this week in line in a Ginnie Mae market that's drawing more focus. The series 2024-SAT1 notes from FMC GMSR issuer…
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For his part, Fed chair Jerome Powell still expects three rate cuts to arrive in 2024, even if he gave no signal last week of a timeline for rates to start trending lower. Nonetheless, he continued to sound a hawkish tone on bringing…
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“Unfortunately that arrangement became unworkable, and NEXA made the decision to terminate Mr. Grella’s employment,” Kortas said. “The negotiations regarding the buyout of Mr. Grella’s ownership interest shall continue.” Grella said he…
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