Michael Barr to step down as Fed vice chair for supervision; fifteen states and the National Association of Home Builders sue HUD over energy-efficiency requirements; Ally to exit origination business.

For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.

Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.

With Rep. Patrick McHenry, R-NC, no longer in Congress, legislation to limit trigger lead activity could see a boost; baby boomers expected to pass along home equity to heirs; two banks reposition portfolios; Clever Real Estate adds servicing clients.

All of the top five lenders are nonbanks, led by United Wholesale Mortgage.

As of the end of September, the agency had 265 employees, up 25% from a year ago.

Interest rates on mortgages increased to a level last seen in July 2024.

The securitization rate for residential mortgages hit an estimated 68.6% in the third quarter, as more conventional-conforming loans flowed into GSE MBS.

Ginnie Mae increased its employee base by 25% on an annual basis in fiscal year 2024. Still, the agency is reliant on contractors, which accounted for more than 80% of Ginnie’s expenses.

After noting a decline in market share during the second quarter, nonbanks increased their share of originations to 65.5% in the third quarter. The increase was driven by the largest nonbanks.