Origination

Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.

Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.

The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.

Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.

The new requirement could be announced by FHFA Director Bill Pulte as soon as Oct. 12, when he is scheduled to speak at a mortgage industry conference in Chicago, according to the person. 

Zillow now predicts mortgage rates to end 2026 over 7%.

Berkshire Hathaway Inc. has amassed a $2.2 billion stake in Lennar Corp., putting the conglomerate in position to overtake Vanguard Group Inc. as the homebuilder's largest shareholder.

Hometap's product provides homeowners with cash in exchange for a share of their home's future value, but the company has been faced with legal challenges claiming deceptive marketing.

Mortgage apps fell 6% as rates hit a near three-year high, but ARM share reached its highest since October 2025 and 21% of listings saw price cuts, openings for buydown pitches.