Residential mortgage originations declined by 2.0% on a quarterly basis in the third quarter of 2025.

“A dampened summer home-buying market weighed down PrimeLending’s operating results,” said Jeremy Ford, chairman, president and CEO of Hilltop Holdings, which owns the mortgage lender.

Investor demand is fueling issuance of MBS and ABS to record levels without declines in underwriting standards.

The firms have issued a number of expanded-credit mortgage-backed securities.

Popular, a bank based in Puerto Rico, stopped originating mortgages in the continental U.S. at the end of the third quarter.

The press release announcing Priscilla Almodovar’s immediate departure from Fannie didn’t include an explanation of the move.

Total outstanding balance of single-family mortgages in Ginnie Mae mortgage-backed securities increased by 2.2% from the end of June to $2.65 trillion as of the end of September.

“Our agency portfolio benefitted from meaningful spread tightening during the quarter driven by increased MBS demand and declining volatility,” said David Finkelstein, CEO and co-chief investment officer of the REIT.

The NAHB said its members agree that getting more homes built is essential, and the group is prepared to work with the administration to remove regulatory obstacles, ease material and labor shortages, and expand access to affordable financing to enable builders to construct more attainable, affordable housing.

“Someday hopefully the mortgage market will come back, and that will help us but ... we’re not counting on it,” said Rajinder Singh, chairman, president and CEO of BankUnited.