For the first time in 33 years, Freddie out bought its crosstown rival...

The revisions establish some ground rules that will apply if Fannie Mae and Freddie Mac are ever released from conservatorship.

All of the top five lenders are nonbanks, led by United Wholesale Mortgage.

As of the end of September, the agency had 265 employees, up 25% from a year ago.

The rating service made the update following a review that found that CES loans originated pre-crisis had notably worse characteristics compared with originations in recent years.

Interest rates on mortgages increased to a level last seen in July 2024.

The increase in broker originations was largely driven by two lenders: United Wholesale Mortgage and PennyMac Financial.

The refi share of applications was as high as 55.7% in late September.

The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.

Shellpoint handled $6.70 billion of servicing of non-agency MBS issued during the third quarter.