Fannie Mae and Freddie Mac had $182.3 billion in mortgage holdings (measuring mortgage-backed securities and loans) at the end of the third quarter.

The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.

Revenues increased 7.7% from 2Q24 but compensation to executives and employees rose 8.2%.

Non-agency MBS is offering better execution, in some instances, than the GSEs for investment-property mortgages.

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Uncertainty regarding election results could cause some interest rate volatility in the near term.

Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.