The Fed established the Bank Term Funding Program to help alleviate pressure faced by depository institutions holding MBS and other assets with large unrealized losses. Tracking usage of the BTFP in real-time was limited.

Lending was down slightly across products in the third quarter. UWM remained the largest conventional-conforming producer and moved into the top spot among originators of government-insured loans. (Includes two data tables.)

The share of mortgages 30-60 days late declined during the third quarter at large servicers.

The ruling didn’t address the fraud allegations involving NY AG Letitia James.

Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.

Home prices increased by 2.2% on an annual basis as of the end of September, according to FHFA.

Pennymac asked the Financial Accounting Standards Board to clarify accounting practices involving mortgage servicing rights and recapture assumptions. The effort has support from some major MSR buyers who are looking for a level playing field.

After originating HELOCs on its own as a proof-of-concept, Figure Technology Solutions is now largely facilitating originations and loan sales for others, charging fees along the way. The company generated $89.8 million of net income in the third quarter.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

Eight expanded-credit MBS hit the market this week, with a total unpaid principal balance of $3.38 billion.