“You have to look at where defaults [are] going to be in six months, a year, two years, three years,” said former FHA Commissioner Frank Cassidy.

Fitch is considering using alternative scores and other loan, property and borrower variables to develop a risk-equivalent translation to create an “equated” Classic FICO score across a portfolio of loans to be used within the firm’s origination probability of default model.

On an annual basis, home prices increased by 2.4% in August.

The new portal provides authorized users with secure, permission-based access to relevant loan information and workflows from their subservicer.

The order included four directives, stopping well short of requests from mortgage industry participants.

Purchase-mortgage volume increased from the second quarter and refi business dropped.

Rithm’s residential mortgage unit turned a $604.8 million profit before taxes during the third quarter, more than five times the income the unit generated the prior quarter.

The planned sale amounts to nearly 30% of UWM's servicing portfolio as measured at the end of September.

PrimeLending took a $10.8 million pre-tax loss in the third quarter of 2026 after a $2.0 million pre-tax loss in the second quarter.

"We could no longer see a path forward for the profitability on the base level overhead that it takes to run an efficient distributed retail operation," said Chuck Williams, chairman and CEO of Northpointe Bank.