FICO said the increase in business-to-business revenue was primarily attributable to a higher mortgage origination scores unit price.

VantageScore said adding positive rent reporting as an input it its scoring model would help nearly four million renters achieve a VantageScore of at least 620.

Prior to the financial crisis of 2008, the median age for first-time homebuyers was around 30 years old.

An affiliate of Invictus Capital Partners is set to issue a $707.4 million expanded-credit mortgage-backed security.

“People are ready to refinance, people are ready to buy,” said Mat Ishbia, chairman, CEO and president of United Wholesale Mortgage.

Much of the shift in income was due to unrealized gains on portfolios of loans and pieces for non-agency mortgage-backed securities due to spread tightening.

Pennymac is marketing a $426.5 million non-agency mortgage-backed security stocked with investment-property mortgages eligible for sale to the government-sponsored enterprises.

Rocket Mortgage, thanks to its acquisition of Mr. Cooper Group, which was completed at the beginning of October, is poised to overtake Chase as the largest firm in terms of owned servicing.

Much of the swing was tied to increases in salaries, commissions and team member benefits along with general and administrative expenses.

“We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales,” FHFA Director and Fannie Mae Chair Bill Pulte said of the GSE.