Small and mid-sized nonbanks increased their share of GSE servicing to 16.7% at the end of September from 15.8% as of the end of June. (Includes two data tables.)
AmeriHome Mortgage, one of just two banks among the top 10 GSE sellers in the third quarter, was also the only top 10 seller with a sequential increase in deliveries. (Includes two data tables.)
Both VantageScore 4.0 and FICO 10T scores, most of the time, are higher than Classic FICO scores. Roughly 25% of the time, Classic FICO is the highest score.
Although tensions between the FHFA and its OIG are high, the IG team continues to crank out examinations and audits, including four released this week.
Despite a modest increase in volume in the second quarter, large independent mortgage lenders saw their market share fall to its lowest level since the fourth quarter of 2024. (Includes two data tables.)
Four of the 11 regional Federal Home Loan Banks saw double-digit declines in net income in the first quarter, even though total assets grew for the period. (Includes three data tables.)
Milliman researchers calculate that the capital benefit Fannie Mae and Freddie Mac receive for their CRT activity reduces their capital requirement by about 20%.
Fannie Mae belatedly joined Freddie Mac in establishing ground rules for seller/servicers that deploy or manage artificial intelligence or machine learning tools while doing business with the enterprise.
Fannie Mae extended duration by shifting from short- to long-term debt, but allowed overall debt to grow. Freddie de-levered by cutting short-term debt without adding to long-term debt.
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