Appeals court upholds multi-million-dollar judgment against Libre by Nexus; states settle with mortgage company over illegal MLO conduct.

While market share of small- and mid-sized nonbank lenders grew, there was some leakage at the large nonbank lenders. Large mortgage companies’ market share fell sequentially to 53.8% from 56.1%. (Includes two data tables.)

Fannie modifies how it treats income from ADUs; Freddie requires large servicers to undergo annual AICPA security examinations.

FHFA Director Bill Pulte says he plans to meet with the big builders individually to find ways for them to accelerate their production. Industry insiders say it will be hard for the GSEs to impact homebuilding.

Fannie Mae is allowing lenders more flexibility in how they reverify loan applications and appraisals. At the end of the day, Fannie just wants to make sure that the loan you make is the loan you thought you were making.

Although behind the scenes conversations between the Trump administration and mortgage industry players have made some observers more optimistic about GSE reform, plenty of critics remain unconvinced.

Under Director Pulte, FHFA has withdrawn proposed rules affecting enterprise liquidity requirements and the unsecured credit limits and boards of directors of the FHLBank System.

Freddie board member jumps to Fannie board; a week of CAS and STACR tender offers; and seller/servicer guidance for the shutdown.

Deliveries of high-risk purchase loans to the GSEs saw minor increases in the third quarter. But lenders expanded the credit for such loans in the refi sector. (Includes two data tables.)

The flow of purchase mortgages with some form of mortgage insurance in agency MBS increased in the third quarter of 2025, while refinance business saw a sharp downturn. (Includes two data tables.)