“This would be great for consumers and the safety of the mortgage market, to have both FICO 10T Score and Vantage Score 4.0,” FHFA Director Bill Pulte wrote on X.

Well below 1.0% of mortgages originated in 2024 had 40-year terms.

New report from ICE said that 4.1 million mortgage holders could save at least 75 basis points by refinancing.

Servicers find new opportunities to leverage AI in the call center in a play to reach more younger borrowers.

Mortgage deliveries to the GSEs were up 14.5% from September to October, according to data from Inside The GSEs.

At top-ranked United Wholesale Mortgage, GSE deliveries with private MI were down 9.5% from the second quarter.

The nonbank took an $8.7 million loss in the third quarter compared with a $25.3 million loss the previous quarter.

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.