"We are considering approaches to more granularly differentiate the riskiness of mortgages with benefits extending to financial institutions of all sizes, not just the largest banks," said Michelle Bowman, vice chair for supervision at the Federal Reserve.

The Office of the Comptroller of the Currency is looking into developing a “simplified strategic plan process” for community banks to comply with the Community Reinvestment Act.

Purchase-mortgage endorsements accounted for 71.6% of volume, the highest level seen since the second quarter of 2024.

Velocity Financial originated a record $739.0 million in business-purpose loans in the third quarter.

Prepayments rose as more recent homebuyers opt to refinance their higher interest rate mortgage.

The Guild acquisition was valued at approximately $1.3 billion.

The conventional-conforming sector continued to account for the largest portion of originations, with a 52.2% share in the third quarter.

For one-unit properties, the baseline conforming loan limit will be $832,750 in 2026.

“We believe that if Treasury decides it wants to forgive the [senior preferred shares], then this plan appears reasonable,” said Keefe, Bruyette & Woods analyst Bose George.

Sen. Tina Smith, D-MN, discussed the matter this month during the testimony of Glen Smith, USDA nominee for Rural Development under secretary.