Rather than speaking as scheduled today, the MBA said FHFA Director Bill Pulte “hopes to be with us remotely on Tuesday.”

Refi volume in agency MBS issuance declined by 46.3% on a quarterly basis.

Nearly 2,000 lenders and resellers are obtaining VS4 scores for free when paying for FICO scores and more than 165 lenders are exclusively using VS4 for certain loans.

"We continue to view agency MBS as an attractive alternative to tight investment-grade corporate spreads, with the recent buildup in risk premiums making the relative value case for agency MBS even more compelling," analysts at Goldman Sachs wrote.

eXp's new partnership comes after the end of a similar relationship with Kind Lending.

Losses are widely expected for agency MBS investors in the third quarter of 2026. However, the same factors that diminish values of MBS holdings also make new investments in MBS more attractive to investors.

The flow of refis into agency MBS nearly halved during the third quarter. Purchase-mortgage volume was up 12.5% on a sequential basis; but over the first nine months, it was up only 1.3% year over year. (Includes two data tables.)

A fair amount of the shift in share to the retail channel was due to a decline in production at United Wholesale Mortgage.

“The companies most at risk tend to be those with limited scale, very narrow product offerings or really weak capital positions,” Norah Zhang, an assistant vice president in the financial institutions group at Moody’s Ratings, said.