The spec-pool share of new GSE MBS issuance hit 47.3% in the third quarter.

Refis accounted for 57.1% of mortgage applications last week.

In August, Two Harbors Investment recorded a litigation settlement expense of $175.1 million tied to a lawsuit filed by the former external manager of the REIT.

The amount of mortgage servicing rights available for sale declined during the third quarter of 2025.

Investor demand is fueling issuance of MBS and ABS to record levels without declines in underwriting standards.

The firms have issued a number of expanded-credit mortgage-backed securities.

The press release announcing Priscilla Almodovar’s immediate departure from Fannie didn’t include an explanation of the move.

“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.