Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.

The shifts in October continued a trend seen throughout the year in the mortgage market.

Kenny Smith retired from Deloitte Consulting in 2020 after 27 years with the firm.

The homebuilder said the decline in its average sale price in the past year was “primarily due to continued weakness in the market and an increased use of sales incentives offered to homebuyers.”

“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.

The MBA said FHFA should allow lenders to use a single credit report when delivering mortgages to the GSEs if the initial report shows that the borrower has a credit score of 700 or higher.

Holdings of MBS among REITs increased by 8.4% during the third quarter of 2025.

Fannie recently considered strengthening its net worth requirements for large nonbank issuers.

The lender has been originating non-agency reverse mortgages since 2018, and had been selling the loans to an unidentified third party through April 2025, according to Morningstar DBRS.

The unemployment rate increased from 4.4% in September to 4.6% in November.