VA refi volume was down 31.5% from the second quarter, while FHA refi volume slipped 10.3%.

Greg Sher, a managing director at NFM Lending, warned about potential parallels between the expanded-credit market and the non-agency market in the runup to the crash of 2008.

By eliminating its bank holding company, Flagstar Bank will drop the Federal Reserve as a regulator.

The top prime jumbo and expanded-credit issuer so far this year: JPMorgan Chase.

FHA and VA mortgages tend to have sharply different prepayment rates but they're put together in Ginnie MBS, potentially penalizing FHA borrowers.

One proposal targeted liquidity requirements for the GSEs and the other two proposals involved the Federal Home Loan Banks.

FHFA Director Bill Pulte said credit bureaus and VantageScore should follow FICO and take creative and constructive actions.

Some lenders are consistently avoiding delivering certain GSE-eligible mortgages to Fannie Mae or Freddie Mac.

Publicly-traded mortgage companies saw increases in earnings from both lending and servicing during the second quarter of 2025.

Goals for acquisitions of purchase mortgages for low-income borrowers would be reduced under the proposal.