The $2,500 credit will remain available to borrowers who aren’t first-time homebuyers through February 2025.

Ginnie Mae’s former acting president will help develop and implement mission-related activities at Freddie.

The council highlighted fintechs and nonbank mortgage servicers as potential threats to financial stability during times of stress.

The National Community Reinvestment Coalition urged the GSEs to provide more analysis and demographic data.

Retiring FHLBank New York CEO Jose Gonzalez is set to be replaced by current Office of Finance CEO Randy Snook.

The correspondent channel’s share of originations increased for both conventional-conforming loans and nonconforming mortgages in the third quarter, according to a survey of lenders. Meanwhile, brokers gained share in the government-insured market. (Includes two data tables.)

Combined, banks and thrifts reported $2.21 billion in mortgage-banking income during the third quarter, a slight increase from the previous period. Through the first nine months of the year, industry earnings were up 8.7% from the same period in 2023. (Includes data table.)

Sales of mortgages by banks increased by 20.5% in the third quarter even as the top bank reduced its sales. Eight of the 10 top banks boosted their sales from the second quarter. (Includes two data tables.)

Additional inventory is expected to hit the market next year but homebuyers are expected to continue to face affordability issues.

Federal Reserve researchers found that pandemic-era interest rates reduced mobility by 44%, as many homeowners are reluctant to let go of their low interest rates.