The lender has been originating non-agency reverse mortgages since 2018, and had been selling the loans to an unidentified third party through April 2025, according to Morningstar DBRS.

The unemployment rate increased from 4.4% in September to 4.6% in November.

Correspondent and broker channels gained market share for nonconforming loan originations in the third quarter, according to a new Inside Nonconforming Markets analysis of proprietary survey data.

High-balance loans accounted for 4.4% of total agency MBS issuance in the third quarter.

The Housing for the 21st Century Act includes a number of provisions that overlap with the ROAD to Housing Act in the Senate.

“The council is working with member agencies to consider where aspects of the U.S. financial regulatory framework impose undue burdens and where they harm economic growth, thereby undermining financial stability,” Scott Bessent, secretary of the Treasury Department, said of the Financial Stability Oversight Council.

“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.

Among the 10 largest sellers, GSE volume increased on a monthly basis outside of the top three firms.

Interest rates on mortgages are expected to remain in a narrow band in the next few years.

Fannie and Freddie issued separate updates aimed at identifying and preventing fraud in mortgage transactions.