Fannie's forecast also shifted from a modest increase in mortgage originations on an annual basis in 2027 to a 10.6% decline.

Originations declined by 12.3% from the second quarter.

First Horizon took a $473 million pre-tax loss in non-interest income on the sale of mortgages with an unpaid principal balance of $4.5 billion.

A recent PwC study found that 74% of borrowers were concerned about AI making lending decisions.

BofA's originations of home equity loans increased by 2.9% from the second quarter.

Mortgage applications declined by 2.7% on a weekly basis last week.

Chase posted a large drop in production income compared with the second quarter and an increase in net servicing revenue.

The Mortgage Bankers Association launched a housing affordability action plan with 20 policies that can help reduce the cost of housing "with the stroke of a pen."

It's unclear if mortgages can be fully AI-originated and still comply with state and federal laws.

Kieran Brady, chief financial officer at Archwest, said the outlook for the RTL sector remains strong, supported by the long-term need for new housing and renovation of existing homes.