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- FHFA eyes assumable and portable mortgages, raising questions for lenders
FHFA eyes assumable and portable mortgages, raising questions for lenders
Plus: Affordability for Americans caught in political crosshairs
🎉 TGIF! Good morning and welcome back to Mortgage Nuggets. Today’s newsletter is 664 words, a 2.5-minute read. Let’s dive in…
Disclaimer: Average mortgage rates as of November 13, 2025. © MND Daily Rate Index.
1. FHFA eyes assumable and portable mortgages, raising questions for lenders
FHFA is weighing whether Fannie Mae and Freddie Mac should offer assumable or portable mortgages, according to public comments by Bill Pulte. The move is part of broader Trump-era discussions on affordability.
“At Fannie and Freddie, we are evaluating how to do assumable or portable mortgages, in a safe and sound manner,” Pulte posted Sunday on X. On Wednesday, he reiterated, “We are actively evaluating portable mortgages.”
Industry reaction is split: assumable mortgages draw measured interest because they could let buyers inherit lower pandemic-era rates, while portable mortgages face steep skepticism. Lenders and attorneys note that virtually all U.S. mortgages are contractually tied to specific collateral, making portability structurally incompatible without rewriting existing loans.
2. Affordability for Americans caught in political crosshairs
How a traditional 30-year mortgage, assuming $400,000 at 6.25% interest, compares to the 50-year loan floated by Trump advisers
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If you’re using Blue Sage’s POS, you can learn more about how Covered supports smoother, more predictable closings at the link below.
3. More Nuggets
🤣 Banks now requiring your grandkids to co-sign your 50-year mortgage. (TBB)
💼 The shutdown is over, but you'll still feel it for a while. (Axios)
🆕 CFPB proposes ending civil rights-era anti-discrimination requirements. (Reuters)
💰 Arrived raises $27M and launches real estate stock market platform. (Pulse)
📈 First-time homebuyer is now 40 years old. (NAR)
📊 Advisory-focused originators leading in customer satisfaction. (NMP)
4. NEXA sues Ex-President over poaching scheme
NEXA Mortgage has expanded its legal war against former President Mathew Grella, adding his company, Platinum One Lending, LLC, and over a dozen former employees as defendants in a new civil lawsuit.
The Claim: NEXA alleges Grella, co-owner of Platinum One, conspired with former NEXA Branch Manager Gregory Nichols and others to orchestrate an "employee raid," unlawfully recruiting loan officers, diverting active borrowers, and stealing confidential business information and trade secrets.
The Context: The complaint, filed in Arizona Superior Court, is the latest escalation in the ongoing dispute that began with Grella's termination in early 2024.
The Defense: Grella denies the allegations, calling the lawsuit a "litigious vendetta" and claiming former employees left NEXA due to a "toxic, untenable work environment," not because of recruitment by Platinum One.
NEXA is seeking compensatory and punitive damages, along with an injunction to prevent the defendants from using its proprietary data.
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5. Swalwell blasts criminal referral for alleged mortgage fraud
The Federal Housing Finance Agency (FHFA) has reportedly made a criminal referral for Rep. Eric Swalwell (D-Calif.), sending information to the Justice Department accusing him of mortgage fraud.
A vocal critic of President Trump, Swalwell is the fourth known figure to have his mortgage reviewed by the agency led by Bill Pulte, an ally of the president.
Swalwell blasted the investigation into him, suggesting it was politically motivated. “As the most vocal critic of Donald Trump over the last decade and as the only person who still has a surviving lawsuit against him, the only thing I am surprised about is that it took him this long to come after me.”
☀️ You’re all caught up. See you on Monday!
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