“The condo insurance requirements will reduce costs for existing homeowners and will make tens of thousands of additional units eligible for lower cost GSE financing,” said Bob Broeksmit, president and CEO of the MBA.
Due to accounting rules, earnings from the loans locked during the third quarter of 2025 were recognized in the third quarter rather than the fourth quarter.
The residential MBS holdings of 17 publicly traded REITs were valued at $247.16 billion as of the end of last year, a gain of 6.9% from the end of September.
“Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle East kept oil prices elevated, along with the risk of a broader inflationary shock,” said Joel Kan, a vice president and deputy chief economist at the MBA.
The National Consumer Law Center predicted that implementing the mortgage-focused order will “re-ignite the market conditions” that led to the financial crisis of 2008.