Compared with a year ago, applications for purchase mortgages were up more than 30%.

If the GSEs continue the long-term path of reducing the size of their portfolios, that’s not necessarily attractive for potential investors in a capital raise by the GSEs.

“Many prospective homebuyers are watching the news of weakness in the economy and are carefully monitoring their own economic situations,” said Lisa Sturtevant, chief economist at Bright MLS.

Production and sales revenue lifted mortgage-banking income at a number of banks in the third quarter.

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.