Inside Mortgage Finance: What the Mortgage Market Reads, since 1984. Industry Data, News & Analysis. Also on LinkedIn: https://teapaw.org/t.co/qGrSzwHUwb
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In its Annual Housing Report for 2025, released last week, FHFA found that the GSEs complied with their Duty-to-Serve plans for all three of the required underserved markets. A closer look at their performance, though, reveals some shortcomings. insidemortgagefinance.com/ar…
To settle allegations it didn’t properly apply interest rate benefits to some service members’ mortgages, Village Capital & Investment will pay $425,000 to the 41 affected borrowers, plus a $79,380 penalty for violating the Servicemembers Civil Relief Act. insidemortgagefinance.com/ar…
VantageScore projects that by the end of the year, more than 70% of mortgage securitizations will include a VantageScore disclosure. A big chunk of that is due to new disclosures from the government-sponsored enterprises. insidemortgagefinance.com/ar…
United Wholesale Mortgage plans to sell $70 billion to $80 billion in mortgage servicing rights during the fourth quarter of this year. The sale would represent 25.9% to 29.6% of UWM’s total MSR portfolio as of the end of September. insidemortgagefinance.com/ar…
United Wholesale Mortgage, which was the third-largest contributor to expanded-credit MBS issued in 2Q26, slipped to the 15th spot in 3Q, with contributions plummeting 63.6% to $387.5 million, according to a new ranking by Inside Nonconforming Markets. insidemortgagefinance.com/ar…
HUD canceled about 21% of its contracts last year, most for professional or IT services, GAO found. Of the terminated contracts, six were at Ginnie Mae and 24 contracts were within the Office of Housing, which contains the various FHA program offices. insidemortgagefinance.com/ar…
VantageScore announced Friday afternoon that Silvio Tavares stepped down as president and CEO of the company. VantageScore appointed Anthony Hutchinson as its interim president and CEO as the company conducts a leadership search. insidemortgagefinance.com/ar…
Combined net revenues for Fannie Mae and Freddie Mac climbed to $14.46 billion for the third quarter, a sequential increase of $905 million and $1.42 billion more than in the same period last year. insidemortgagefinance.com/ar…
While a recent executive order calls for the proactive cancellation of mortgage insurance, the only action the EO entails is for the GSEs to establish a pilot program that would require servicers to notify borrowers who may be eligible to cancel their MI. insidemortgagefinance.com/ar…
FICO announced that Fairway Home Mortgage, Movement Mortgage and Rate enrolled in the FICO Preferred Program and will continue to pull FICO scores across their mortgage lending operations. insidemortgagefinance.com/ar…
Interest rate increases led to a decline in mortgage originations during the third quarter. An estimated $490.0 billion of first-lien mortgages were originated in 3Q26, down 15.5% from 2Q, according to a new ranking and analysis by Inside Mortgage Finance. insidemortgagefinance.com/ar…
Pennymac Financial Services is in the process of selling mortgage servicing rights with a total unpaid principal balance of $29.0 billion. The nonbank expects $490 million in proceeds from the sale of mortgages, which have low interest rates. insidemortgagefinance.com/ar…
A policy change lets developers of single-family homes, duplexes and triplexes that are purpose-built for renting to apply for financing under FHA’s programs for new construction for the acquisition or refinancing of a recently built multifamily property. insidemortgagefinance.com/ar…
In September, locks for non-QMs increased by 8% on a monthly basis as total lock volume declined 2%, according to Optimal Blue. Conforming loans lost share while non-QM volume grew and ARM use reached its highest level seen in Optimal Blue’s report. insidemortgagefinance.com/ar…
Fannie Mae added a significant amount of agency mortgage-backed securities to its portfolio during September. The government-sponsored enterprise held $109.72 billion of agency MBS at the end of the month, up 9.9% on a monthly basis. insidemortgagefinance.com/ar…
In the residential MBS sector, @FitchRatings said AI could improve mortgage underwriting, property valuations, servicing and quality-control processes. Still, Fitch said risks could arise from model errors, AI-enabled fraud or employment disruption. insidemortgagefinance.com/ar…
Pennymac generated $29 million of net income in the third quarter, a 31.8% increase from the second quarter. The nonbank took a pre-tax loss of $7 million on production in the third quarter after a $38 million profit in the second quarter. insidemortgagefinance.com/ar…
Banks have already seen some growth in loan volume in anticipation of the new Basel III capital requirements and will likely continue increasing volume moving forward, @FitchRatings notes. insidemortgagefinance.com/ar…
Rocket Companies more than tripled its income on a sequential basis in the third quarter of 2026, booking a $709 million profit. The improved profitability was largely due to servicing. insidemortgagefinance.com/ar…
Many data center ABS are securitizations of an operating business rather than the various types of loans/receivables that back typical ABS, thus warranting differing treatment in terms of risk retention, notes @lathamwatkins’ Rolaine Bancroft. insidemortgagefinance.com/ar…