Rocket was the top bulk seller with a sharp increase in transfers, but a number of other sellers pulled back. Coissuance activity increased somewhat from the second quarter. (Includes three data tables.)

FHA mortgages accounted for 32.1% of overall purchase-mortgage volume with primary MI in the third quarter, losing share to private MIs and the VA. (Includes two data tables.)

Rocket Mortgage, the largest agency servicer and a nonbank, went the other way, reducing its portfolio during the quarter.

First Horizon opted to sell mortgages with low interest rates at a loss due to the limited utility the bank saw from the loans, according to Hope Dmuchowski, a senior executive vice president and chief financial officer at the bank.

The bank sharply increased the size of its subservicing portfolio in June.

The annual sales rate for new homes is at the lowest level seen since April 2020, according to the MBA.

The proposal would set higher capital requirements for multi-collateral structured credit investments by insurance companies. The Structured Finance Association is calling for additional disclosure instead.

The U.S. operations of Banco Santander are merging the Santander Consumer USA unit into Santander Bank. Analysts believe the operations of one of the leading issuers of auto ABS are ultimately aligned.

Growth in servicing with Ginnie Mae continues to outpace Fannie Mae and Freddie Mac. Most of the top-10 agency servicers increased their portfolios during the third quarter, though not Rocket Mortgage. (Includes two data tables.)

Fannie's forecast also shifted from a modest increase in mortgage originations on an annual basis in 2027 to a 10.6% decline.