Well below 1.0% of mortgages originated in 2024 had 40-year terms.

Mortgage deliveries to the GSEs were up 14.5% from September to October, according to data from Inside The GSEs.

Trends split during the third quarter in terms of GSE business involving private mortgage insurance. Purchase-mortgage volume increased and refis declined. (Includes three data tables.)

The LLPA change, if it comes, would only apply to mortgages on second homes and cash-out refinances.

The FHFA chief urged investors to review the GSEs’ SEC filings to understand the risks involved.

Mortgage leaders expect some form of government guarantee to stick around even if the GSEs exit conservatorship.

The effects of the partial government shutdown could be far-reaching, but agency functions related to mortgage lending appear intact.

There was little detail on the resignation of Fannie Mae director Karin Kimbrough, who departed early last week.

The real market share winner, of course, has been Ginnie Mae.

Freddie Mac credit insurance increases raised the numbers for both GSEs in the second quarter.