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.
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.
Banks and thrifts had a combined $2.49 billion of mortgage-banking income in the third quarter. Western Alliance Bank stood out, more than doubling its earnings from the second quarter. (Includes data table.)