Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.

Sales of agency MBS holdings by banks are driving prices down, a reduction in portfolio lending by banks is helping to spur ABS issuance and the CMBS market is waiting for banks to take write-downs on commercial loans.

Priorities at FHA include facilitating loan assumptions and originations of small-balance mortgages.

"Higher for longer" is beginning to sink in.

Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.

Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.

Originations increased by 12% at Flagstar in the third quarter.

VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.

The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.

Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.