David Spector, CEO of Pennymac Financial Services, said the firm’s correspondent aggregation platform is facing increasing competition from the GSEs’ cash window.

No customers of TransUnion have shifted to the direct license program FICO launched in October.

The correspondent channel lost 194 basis points of market share in the agency MBS market in the fourth quarter of 2025.

Rep. French Hill, R-AR, the chair of the House Financial Services Committee, was critical of initiatives by Bill Pulte, director of the Federal Housing Finance Agency.

Redwood Trust posted a net income of $20.0 million in the fourth quarter of 2025.

The refi share of GSE business saw its first monthly decline since July, slipping from 37.9% in December to 37.4% in January.

The agencies agreed to implement four recommendations from the Government Accountability Office.

When asked Tuesday during Zillow’s earnings call whether mortgage lending is profitable for the company, company officials declined to directly answer the question.

For part of January, the average interest rate on locks for rate-term refis was below 6.0%.

The Provident deal contains loans mostly made to prime credit borrowers.