“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.

“Sky-high mortgage rates and the usual fall slowdown teamed up to chill housing activity,” Zillow said of the market in September.

Freddie Mac Executive Vice President and Chief Risk Officer Anil Hinduja left the company last week.