Home prices increased by 2.2% on an annual basis as of the end of September, according to FHFA.

Mortgage Guaranty Insurance Corp. remained the top producer among the private MIs.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

Combined issuance of CRT notes declined from $2.15 billion in the second quarter to $1.25 billion in the third.

Ackman proposed a timeline that would allow the Trump administration to claim some short-term victories while working toward a larger capital raise.

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.

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.

Well below 1.0% of mortgages originated in 2024 had 40-year terms.