Compared with a year ago, applications for purchase mortgages were up more than 30%.

If the GSEs continue the long-term path of reducing the size of their portfolios, that’s not necessarily attractive for potential investors in a capital raise by the GSEs.

“Many prospective homebuyers are watching the news of weakness in the economy and are carefully monitoring their own economic situations,” said Lisa Sturtevant, chief economist at Bright MLS.

The CFPB isn't planning on seeking funding from the Federal Reserve due to a technicality and the bureau is uncertain if Congress will provide appropriations when funding runs out in early 2026.

Production and sales revenue lifted mortgage-banking income at a number of banks in the third quarter.

Homebuilders and lenders balked at the standards.

The nonbank is marketing a $341.2 million non-agency MBS in which 41.0% of the dollar volume is mortgages eligible for sale to the GSEs, with jumbos accounting for the rest.

“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.