Digital Finance & Tokenization
Better Partners with Coinbase to Offer Bitcoin-Backed Home Loans
Better Mortgage has partnered with Coinbase Prime to expand a new type of home loan that allows borrowers to use Bitcoin as collateral for their down payment without having to sell their coins. This initiative is part of a residential mortgage program supported by Fannie Mae and represents an industry first, enabling digital asset holders to access home loans without converting their liquidity into cash.
efin.finance·10hRead more ▾
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Pershing Square Holdings Q2 2026 Earnings Call Highlights Strategic Leverage and NAV Growth
Pershing Square Holdings Ltd reported its Q2 2026 earnings call, highlighting expectations for high compounding rates from its underlying portfolio companies to drive net asset value growth over time. The company's portfolio includes high-quality businesses such as Amazon, Meta, Microsoft, Alcon, and Netflix, and it plans to use investment-grade debt to enhance long-term returns. CEO Bill Ackman noted that the first new fund launch will be Pershing Square Ventures, targeted for fall or end of year, and that a favorable outcome for Fannie Mae and Freddie Mac could increase fee-paying assets by 30% overnight. The company also plans to add 15% to 20% debt to total assets for PSUS, with rating agency meetings beginning in early September followed by a bond offering. Ackman described the trading discount of PSUS to NAV as 'absurd' and a solvable problem, with plans for more aggressive marketing to financial advisers.
GuruFocus·12dRead more ▾
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Fannie Mae second-quarter net income rises to $3.982 billion
Fannie Mae reported second-quarter net income of $3.982 billion, or $0.03 a share, up from $3.317 billion, or $0.00 a share, a year earlier. Net revenues increased to $7.565 billion from $7.241 billion, driven by higher net interest income from portfolios and higher net deferred guaranty fee income. Chief Financial Officer Chryssa Halley said the results reflect the company's stable revenue base and continued expense and capital discipline. Shares of FNMA closed at $6.12, up 0.49 percent on the OTC Markets.
RTTNews·28dRead more ▾
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AD Mortgage launches housing affordability public policy initiative
AD Mortgage has launched a new Public Policy Initiative to engage with policymakers on housing affordability and mortgage finance. As its first action, the wholesale lender submitted a policy letter to the Federal Housing Finance Agency with market data and recommendations on upcoming changes to condominium project eligibility for loans purchased by Fannie Mae and Freddie Mac. The letter draws on proprietary lending data showing that more than 750 Florida condominium loans originated by AD Mortgage since 2021 used the Limited Review process, and 53% of its Florida conventional condominium originations in that period relied on Limited Review. The company also found that approximately 30% of manually reviewed condominium projects had reserve funding below the new 15% threshold under revised Enterprise guidelines. AD Mortgage plans to regularly engage with federal and state policymakers, publish research, and collaborate with industry organizations as part of the initiative.
GlobeNewswire·41dRead more ▾
Fannie Mae and Freddie Mac Release Expanded Historical Loan Datasets for FICO Score 10T
Fannie Mae and Freddie Mac have released expanded historical loan performance datasets for FICO Score 10T, a next-generation credit scoring model developed by Fair Isaac. The data covers real-world mortgage performance and is expected to help lenders test, validate, and potentially adopt the new scoring model over time. This development puts FICO Score 10T more squarely in focus for mortgage underwriting and securitization, with implications for risk models and consumer credit access.
Simply Wall St·55dRead more ▾
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Mortgage rates defy 'buy now, refinance later' hopes, leaving buyers stuck
Millions of U.S. homebuyers who banked on falling mortgage rates to refinance into lower payments are finding themselves stuck with high costs as rates remain above 6%. The 'marry the house, date the rate' mantra has left many in tough financial positions, with 56% of recent buyers counting on future rate drops to ease their budgets, according to a 2025 Truework survey. Mortgage rates have hovered between 6% and 8% since September 2022, and forecasts from Fannie Mae and the Mortgage Bankers Association see them staying above 6.3% through 2026. Experts warn that stretching a budget now in hopes of refinancing later carries significant risks, including the possibility that rates don't fall enough to justify closing costs, income drops during a recession, or home values decline and erode equity. Buyers are advised to purchase homes they can afford under current terms and treat any future refinance as a bonus, not a necessity.
Yahoo Finance·57dRead more ▾
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Walker & Dunlop arranges $128 million refinancing for Oregon multifamily portfolio
Walker & Dunlop has arranged $128.23 million in refinancing for a four-property, 986-unit multifamily portfolio in Eugene, Oregon. The transaction was led by Steven Natale and utilized Fannie Mae's Streamline Early Rate Lock program, locking rates just 25 days after application. The portfolio includes River Terrace with 280 units, Parkside with 254 units, The Bailey at Amazon Creek with 252 units, and Crescent Park with 200 units. The firm noted strong demand for well-located multifamily communities, citing strong occupancy, attainable rents, and favorable supply dynamics in the Pacific Northwest market.
Business Wire·63dRead more ▾
Bill Ackman discloses eight of twelve stocks in his $5 billion Pershing Square USA fund
Bill Ackman has voluntarily disclosed eight of the twelve stocks held in his newly launched $5 billion closed-end fund Pershing Square USA, revealing concentrated bets on Amazon, Microsoft, Meta Platforms, Uber Technologies, Brookfield, Restaurant Brands International, Fannie Mae, and Freddie Mac. The fund, which began trading on the New York Stock Exchange on April 29, is the largest of its kind ever launched in the United States and charges a 2% annual management fee with no performance fee. Ackman has described Amazon, Microsoft, and Meta as underappreciated mega-caps, with the Microsoft stake valued at $2.09 billion at the end of the first quarter based on 5.65 million shares. He also trimmed Alphabet in favor of Microsoft, signaling a deliberate reallocation within large-cap tech. The fund's shares have traded roughly 17% below the $50 IPO price, with a persistent discount to net asset value of about 20%, which Ackman called an extremely attractive bargain.
TheStreet·64dRead more ▾