Secondary markets

While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.

The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating.

Endorsement numbers for federally backed reverse mortgages dropped to their lowest monthly total in over six years, according to a new report.

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.

Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.

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.

ICE announced Wednesday the launch of Residential Whole Loan Evaluations, which extends its evaluated pricing process to individual, unsecuritized loans.

A memo from Fannie Mae and Freddie Mac has separate links for each company's form to ask for the policy exception for compliance with the Nov. 2 deadline.

New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.

The GSEs also have unified 4.0 pricing for loans scored with classic FICO while 10T moves toward 2027 adoption at FHA but remains pending at the enterprises.

The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.

With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.

GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.

On a day when the 10-year Treasury hit levels last seen in 2007, the Community Home Lenders of America celebrated an X post by Bill Pulte on increased MBS buys.

The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.

The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.

While the early adopters of these market expansions set their new limits at $845,000, Pennymac is going up to $850,000 and UMW to $847,440 for one-unit homes.

Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.

More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.