“Many prospective homebuyers are watching the news of weakness in the economy and are carefully monitoring their own economic situations,” said Lisa Sturtevant, chief economist at Bright MLS.

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.

Primis Bank, SmartBank, Bank7 and other smaller banks are touting efforts to increase their mortgage lending. Meanwhile, some banks continue to pull back from the sector.

Rithm puts off potential spin-off of Newrez; Robinhood partners with Sage Home Loans for mortgage perks; AngelAi touts valuation; Bilt to allow mortgage payments via Venmo; PartnerOne to acquire Mortgage Cadence.

At top-ranked United Wholesale Mortgage, GSE deliveries with private MI were down 9.5% from the second quarter.

The nonbank took an $8.7 million loss in the third quarter compared with a $25.3 million loss the previous quarter.

The Fed’s recent shift to rate cuts and activity involving the federal government are providing tailwinds for agency MBS investors.

The nonbank is poised to begin servicing new originations in the first quarter of 2026. And outstanding volume will shift from subservicers during the year.