The Fed’s recent shift to rate cuts and activity involving the federal government are providing tailwinds for agency MBS investors.

The nonbank is poised to begin servicing new originations in the first quarter of 2026. And outstanding volume will shift from subservicers during the year.

“I’ve just guided that no matter what, I’m going to have the best quarter we’ve had in 4 years,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage. “Maybe you guys will recognize that and realize that we’re dominating out here.”

The lender’s margin went from 1.13% in the second quarter to 1.30% in the third quarter.

New rep and warrant relief at Fannie; ADUs for manufactured homes at Freddie.

Gain-on-sale margins and a strong recapture rate helped boost Guild earnings in the third quarter. 

The subservicing for Rithm accounts for 10% of total servicing volume at Onity's PHH unit.

FICO said the increase in business-to-business revenue was primarily attributable to a higher mortgage origination scores unit price.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.

VantageScore said adding positive rent reporting as an input it its scoring model would help nearly four million renters achieve a VantageScore of at least 620.