The parent company of CrossCountry Mortgage priced a $600.0 million debt offering that was upsized due to investor demand.

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.

Figures from the Census Bureau tracking sales of new homes haven’t been available since data for August due to the recent partial shutdown of the federal government.

Volume dropped for Newrez in the third quarter but was up overall, and up significantly at Select Portfolio Servicing.

Thom Malone, principal economist at Cotality, said in a report that investors are waiting until a home has been sitting on the market so they can negotiate a lower price.

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.

“Many prospective homebuyers are watching the news of weakness in the economy and are carefully monitoring their own economic situations,” said Lisa Sturtevant, chief economist at Bright MLS.

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.

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