Figure generated $89.8 million of net income in the third quarter, well beyond the $29.4 million in income the company had in the first half of the year.

Rate-term refi deliveries to agency MBS more than doubled on a monthly basis to $25.37 billion in October.

If the GSEs continue the long-term path of reducing the size of their portfolios, that’s not necessarily attractive for potential investors in a capital raise by the GSEs.

Production and sales revenue lifted mortgage-banking income at a number of banks in the third quarter.

The nonbank is marketing a $341.2 million non-agency MBS in which 41.0% of the dollar volume is mortgages eligible for sale to the GSEs, with jumbos accounting for the rest.

“This would be great for consumers and the safety of the mortgage market, to have both FICO 10T Score and Vantage Score 4.0,” FHFA Director Bill Pulte wrote on X.

The Fed’s recent shift to rate cuts and activity involving the federal government are providing tailwinds for agency MBS investors.

The subservicing for Rithm accounts for 10% of total servicing volume at Onity's PHH unit.

FICO said the increase in business-to-business revenue was primarily attributable to a higher mortgage origination scores unit price.

Servicer removals tied to FHA delinquencies and foreclosures increased 31.0% from the second quarter.