Homebuilders and lenders balked at the standards.

“This would be great for consumers and the safety of the mortgage market, to have both FICO 10T Score and Vantage Score 4.0,” FHFA Director Bill Pulte wrote on X.

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.