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.

“When you think about the [asset-based finance] world ... these are two of the hottest products that [investors want to get access to],” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

An affiliate of Invictus Capital Partners is set to issue a $707.4 million expanded-credit mortgage-backed security.

Holdings of both mortgage-backed securities and mortgages increased during the third quarter.