“Someday hopefully the mortgage market will come back, and that will help us but ... we’re not counting on it,” said Rajinder Singh, chairman, president and CEO of BankUnited.

Mortgage leaders at this year's MBA annual event in Las Vegas said that creating more scale is one solution to turn a profit in a more costly mortgage production environment.

Many expect issuance of both expanded-credit MBS and securitizations of home equity loans in 2026 to top the volume seen this year.

During the third quarter of 2025, neither Fannie Mae nor Freddie Mac issued a single green MBS.

Trade groups say allowing the GSEs to fill the gap left when the Fed quit buying MBS in 2022 could lower mortgage rates as much as 30 basis points.

Pennymac sold MSR with an unpaid principal balance of $12.0 billion; Freddie Mac sold delinquent non-performing residential first liens; CSBS and MISMO open registration for MCS Tech Sprint event; Canceled home-purchase agreements reached 15% in September.

Mortgage leaders expect some form of government guarantee to stick around even if the GSEs exit conservatorship.

Attendance at ABS East hit another record this year.

Homeowners sued D.R. Horton and its lending subsidiary over an alleged scheme to attract more borrowers with misleading price tags.

AGNC recovered earnings in the third quarter from a loss in the second. Moody's reported U.S. banks have grown lending to non-depository institutions sharply in the last decade. Bank of England governor warned that the collapse of two U.S. auto firms could be an early warning sign of weakness in private credit markets.