Servicing profits dropped even more than production income on a percentage basis.

Freddie Mac’s MBS purchases spiked in February and have been relatively limited since then, compared with actions by Fannie Mae.

Through the end of the year, brokers can receive no-cost processing on three Underwriting+ loans.

Fannie Mae pushed back a deadline for changes to how the government-sponsored enterprise handles rental income for mortgage borrowers to Dec. 1.

Rocket Mortgage’s deliveries ebbed 3.4% from July, to $7.76 billion, but its edge over United Wholesale Mortgage expanded as the latter saw a 13.1% monthly decline in GSE sales to $5.81 billion.

Under the draft revisions to the FHA handbook, FHA would accept the property condition and quality ratings scale used by the government-sponsored enterprises.

The homebuilder focuses on selling to first-time homebuyers and saw declining sales and margins on an annual basis.

It’s the first securitization of home equity loans on the shelf operated by Angelo Gordon, which was acquired by TPG in 2023.

Mortgage applications declined by 1.5% on a weekly basis last week.

“Margins this quarter were impacted by competitive pricing within the industry, especially with larger mortgage originators, better pricing on new deals and a higher proportional mix of larger clients with lower risk-adjusted pricing relative to the prior quarter,” said Kevin Comps, president and secretary of Northpointe Bank.