Freddie Mac shares rose to $4.14 at 12:30 p.m. in New York Friday, Fannie Mae's stock climbed to about $4.23, each up 22% from the previous day's close.

Mortgage originators should expect more of those interest rate dips that took place in September, but when they happen is the unknown factor, economists said.

The Toronto-based bank suspended its medium-term growth targets and announced a full-scale review of its strategies following historic anti-money-laundering failures.

The Canadian bank fell short of analysts' expectations on non-interest income partly because of a higher-than-anticipated tax rate. Scotiabank's results also included a one-time impairment charge related to its investment in Bank of Xi'an Co. in China.

Listing the changes already made to its business model in his first 90 days, CEO Ryan Marshall said Voxtur could be EBITDA positive if trends hold in 2025.

Nonbanks with servicing portfolios saw earnings dip, while expenses for most shot up in anticipation of more origination volume.

Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.

The real estate investment trust reported a GAAP loss and thin earnings available for distribution as a result of market shifts that also affected some peers.

Better touted the company's efficient operations, including an artificial intelligence voice assistant handling all of its inbound customer calls.

A steep mortgage servicing rights valuation change hurt earnings which included greater adjusted net income and total origination volume.