The share of mortgages 30-60 days late declined during the third quarter at large servicers.

A new program from BofA would add two years of forbearance for borrowers impacted by January wildfires in LA.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

A decline in interest rates on mortgages helped to prop up home sales during the partial shutdown of the federal government.

Among a group of servicers with $5.45 trillion in volume, the delinquency rate declined across all late categories during the third quarter. (Includes two data tables.)

dv01 attributed the increase in impairments to the partial shutdown of the federal government.

MBA projects that the average interest rate for a 30-year fixed-rate mortgage will increase from 6.3% in the fourth quarter of 2024 to 6.4% in the first quarter of 2026, and then remain at 6.4% through the year.

The Mortgage Bankers Association called for the full Senate to quickly confirm the nominees.

Ackman proposed a timeline that would allow the Trump administration to claim some short-term victories while working toward a larger capital raise.

Earnings were helped by a surge in loan applications that locked in September.