Rocket was the top issuer of HEL deals in the third quarter, increasing its issuance 27.8% from the second quarter.

Issuance of commercial MBS and non-mortgage ABS increased at a faster pace during the third quarter than issuance of residential MBS.

VA refi volume was down 31.5% from the second quarter, while FHA refi volume slipped 10.3%.

The top prime jumbo and expanded-credit issuer so far this year: JPMorgan Chase.

Home equity lending in 2025 is on track to surpass 2022 as the post-financial crisis peak for production.

Some lenders are consistently avoiding delivering certain GSE-eligible mortgages to Fannie Mae or Freddie Mac.

Publicly-traded mortgage companies saw increases in earnings from both lending and servicing during the second quarter of 2025.

Money market managers and insurance companies increased their holdings of single-family MBS during the second quarter.

Despite the 2Q25 increase, repurchases for the first half of 2025 were down 33.9% from the same period last year.

Since mid-2022, the agency has been gaining servicing share with lenders turning to FHA mortgages and loans through the Department of Veterans Affairs.