SoFi Bank posted an 18.2% quarterly increase in retail lending in the third quarter, while the market as a whole contracted. The bank is looking to cross-sell mortgages to its customers. (Includes two data tables.)

The metrics used to determine who’s most likely to be a first-time homebuyer vary, but lenders can assume they’re still probably around their early- to mid-thirties.

The firm urged the Financial Accounting Standards Board to update fair value accounting standards for MSRs so they include recapture metrics.

Nearly 70% of all homebuyers in 2025 didn’t shop with multiple lenders for their mortgage, an increase from 62% in 2024.

CSBS and MISMO said the Mortgage Compliance Dataset will lead to higher quality data while easing costs and freeing up time for lenders and examiners.

Banks and thrifts had a combined $2.49 billion of mortgage-banking income in the third quarter. Western Alliance Bank stood out, more than doubling its earnings from the second quarter. (Includes data table.)

Leaders at the three major credit bureaus, which own VantageScore, expect to see strong revenues and profits as the GSEs allow VantageScore to compete with FICO.

Lenders with high adoption rates for tools from Freddie Mac like automated collateral estimator and asset and income modeler have significantly lower per-loan costs and higher per-loan profits, the GSE says.

Slight interest rate relief might lead to a refinance wave that could help servicers offset some of the performance drags expected from prepayments and rising unemployment.

Mortgages can be a good stepping stone to other services, speakers advised during an American Credit Union Mortgage Association discussion this week.