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.

Prior to the financial crisis of 2008, the median age for first-time homebuyers was around 30 years old.

“When you think about the [asset-based finance] world ... these are two of the hottest products that [investors want to get access to],” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

An affiliate of Invictus Capital Partners is set to issue a $707.4 million expanded-credit mortgage-backed security.

Holdings of both mortgage-backed securities and mortgages increased during the third quarter.

“People are ready to refinance, people are ready to buy,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage.

Much of the shift in income was due to unrealized gains on portfolios of loans and pieces for non-agency mortgage-backed securities due to spread tightening.

The concept of reducing Fannie Mae/Freddie Mac LLPAs on second homes and cash-out refis is being pushed by Barry Habib, a principal in MBS Highway, who was named to Fannie’s board this summer.