Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.

The next step to revise capital requirements for large banks is undetermined, two mortgage efforts at the CFPB will fall to a Republican appointee and FHFA’s planned reforms for the FHLBanks face uncertainty.

Nonbank lenders put a heavier emphasis on discount points in recent years than depository institutions, according to researchers at the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.

Home prices increased by 0.4% on a monthly basis in October, according to the Federal Housing Finance Agency.

Among the top 50 producers, all but one are nonbanks.

Endorsement activity involving traditional HECMs declined slightly and production of HECMs for home purchase increased during the third quarter. Mutual of Omaha remained the top HECM lender. (Includes three data tables.)

Among a large group of FHA/VA lenders, the broker channel accounted for 24.8% of government-insured originations in the third quarter. UWM and PennyMac sharply increased their broker volume in the quarter. (Includes data table.)

Bank of America remained the top originator of home equity loans in the third quarter.

Jon Jaffe, co-CEO and president of Lennar, noted that the firm took steps during the previous Trump administration to reduce the impact of tariffs.

Among many other issues, the shutdown would pause authorization for new flood insurance policies under the National Flood Insurance Program, potentially impacting home sales.