“Our agency portfolio benefitted from meaningful spread tightening during the quarter driven by increased MBS demand and declining volatility,” said David Finkelstein, CEO and co-chief investment officer of the REIT.

The NAHB said its members agree that getting more homes built is essential, and the group is prepared to work with the administration to remove regulatory obstacles, ease material and labor shortages, and expand access to affordable financing to enable builders to construct more attainable, affordable housing.

Many expect issuance of both expanded-credit MBS and securitizations of home equity loans in 2026 to top the volume seen this year.

Attendance at ABS East hit another record this year.

While issuance is booming, some firms pulled back during the third quarter.

Five of the top 10 servicers of FHA loans had an above-industry average share of loans 30-90 days past due in 3Q25.

At the end of September Dynex held $13.2 billion in MBS compared to $10.5 billion three months earlier.

The amount of agency servicing with coupons over 6.0% increased by 10.2% during the third quarter.

The prepayment rate on agency MBS reached the highest level in 11 months in September, with another increase expected in October.

Equifax and Experian made similar moves recently.