Credit Review, HELOC, 2nd Products; Freddie and Fannie News; Cap. Markets

Group 1: Company Updates - Newrez Wholesale has enhanced its partner protection program, offering 18 months of solicitation protection for approved broker partners starting January 1, 2026, and 30-month protection for RezClub members [1] - Arc Home's Closed End Second product offers strong execution with pricing up to 107.5 on eligible scenarios, with loan amounts up to 500,000 and CLTVs up to 80% [2] - Spring EQ is maintaining momentum into 2026 by offering premium pricing on all products, allowing customers to lower closing costs and choose higher rates [2] Group 2: Freddie and Fannie Updates - The future of Fannie Mae and Freddie Mac remains uncertain, with potential privatization seen as inevitable but the timeline unclear [4][5] - Freddie Mac has introduced a new API to streamline the loan delivery process within Loan Selling Advisor [7] - Fannie Mae's December Selling Guide includes updates such as expanded financing options for HomeStyle® Refresh and removal of renovation caps for manufactured homes [8] Group 3: Market Insights - U.S. Treasuries rebounded sharply, supported by global and domestic signals, with inflation cooling in November, indicating potential Fed rate cuts in March and June [10] - Mortgage rates fell slightly in the latest survey, with the 30-year and 15-year rates at 6.21% and 5.47%, respectively, showing significant year-over-year decreases [11] - Ginnie Mae is channeling a large share of mortgage credit to first-time home buyers, with nearly 70% of its 30-year issuance this year going to this demographic [12]