Well below 1.0% of mortgages originated in 2024 had 40-year terms.

New report from ICE said that 4.1 million mortgage holders could save at least 75 basis points by refinancing.

At top-ranked United Wholesale Mortgage, GSE deliveries with private MI were down 9.5% from the second quarter.

The nonbank took an $8.7 million loss in the third quarter compared with a $25.3 million loss the previous quarter.

“I’ve just guided that no matter what, I’m going to have the best quarter we’ve had in 4 years,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage. “Maybe you guys will recognize that and realize that we’re dominating out here.”

The lender’s margin went from 1.13% in the second quarter to 1.30% in the third quarter.

New rep and warrant relief at Fannie; ADUs for manufactured homes at Freddie.

Gain-on-sale margins and a strong recapture rate helped boost Guild earnings in the third quarter. 

FICO said the increase in business-to-business revenue was primarily attributable to a higher mortgage origination scores unit price.

VantageScore said adding positive rent reporting as an input it its scoring model would help nearly four million renters achieve a VantageScore of at least 620.