HEL securitization volume for the first nine months of the year hit $20.58 billion, up 70.8% from the first nine months of 2024.

A reduction in interest rates boosted refinance activity during the third quarter of the year.

Most of the gain came at the cost of the correspondent channel.

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

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

At top-ranked United Wholesale Mortgage, GSE deliveries with private MI were down 9.5% from the second quarter.

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

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

Rocket Mortgage, thanks to its acquisition of Mr. Cooper Group, which was completed at the beginning of October, is poised to overtake Chase as the largest firm in terms of owned servicing.

The total delinquency rate on FHA loans in Ginnie MBS hit 10.90% at the end of September, up 51 bps from the end of June.