Inside Mortgage Finance: What the Mortgage Market Reads, since 1984. Industry Data, News & Analysis. Also on LinkedIn: https://nitter.cf/t.co/qGrSzwHUwb
Bethesda, Md.
Joined July 2011
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A total of $88.55 billion of single-family agency MBS came to market last month, a 20.2% decline from September. It was the softest monthly issuance since March 2025, according to a new analysis by Inside MBS & ABS. insidemortgagefinance.com/ar…
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loanDepot posted a $28.6 million loss for the third quarter of 2026, after taking a $6.6 million loss in the previous quarter. Origination volume at the nonbank declined 12% from the second to the third quarter of this year. insidemortgagefinance.com/ar…
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Redwood Trust expects its conversion from a REIT to a C-corp to generate an initial GAAP book value benefit of 73 cents to 77 cents per share in the fourth quarter, which translates to an 11% increase in book value of $6.56 per share as of Sept. 30. insidemortgagefinance.com/ar…
The California Fair Lending Examination Act, which goes into effect Jan. 1, requires the examination of mortgage lenders and servicers licensed under the California Residential Mortgage Lending Act once every 48 months, or more frequently if necessary. insidemortgagefinance.com/ar…
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In a memo to the FHFA director, FHFA Acting Principal Deputy IG James Hodge was blunt: “I want to emphasize that my office’s oversight of high-risk challenging areas has been negatively impacted by FHFA’s substantial reduction in the funding of OIG.” insidemortgagefinance.com/ar…
.@verosres forecast modest home price declines over the next year in Southwestern markets. Six of the 10 metros predicted to see declines were in Texas, including Austin, Houston and San Antonio, with forecast price drops ranging from 0.5% to 1.1%. insidemortgagefinance.com/ar…
At $57.94 billion at the end of September, Freddie Mac’s MBS holdings are at their highest level since the first quarter of 2021, but they still make up a minority of Freddie’s retained mortgage portfolio. insidemortgagefinance.com/ar…
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Rocket Mortgage handled $2.01 trillion of primary servicing as of the end of September, down 0.5% or $9.54 billion from the end of June. During 3Q26, Rocket sold servicing with a total UPB of $23.0 billion, generating $379 million of cash proceeds. insidemortgagefinance.com/ar…
“Even if we dropped to 4.70% [rate on 10-year Treasuries], a 7.0% mortgage rate doesn’t do a lot,” Scott Buchta, head of fixed income strategy at Brean Capital, said. “We really need to get down below 6.5% to get any kind of refinance action going.” insidemortgagefinance.com/ar…
Hildene Mortgage Trust is marketing a $292.5 million non-QM MBS backed by loans from Button Finance. This is the first time Hildene has partnered with Button for its MBS. Hildene generally sources loans from CrossCountry Mortgage. insidemortgagefinance.com/ar…
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During the first Trump administration, when FHFA was led by Mark Calabria, there was plenty of thought put into GSE reform. “We haven’t seen the same kind of policy development from the second Trump administration,” industry veteran Sam Valverde said. insidemortgagefinance.com/ar…
The two largest servicers in the industry (Rocket and Chase) reduced their portfolios during the third quarter of 2026 even as overall servicing outstanding continued to climb, according to a new ranking and analysis by Inside Mortgage Finance. insidemortgagefinance.com/ar…
The National Urban League and the Massachusetts Association of Community Development Corporations have filed suit challenging the CFPB’s elimination or narrowing of the “critical, longstanding protections” of Reg. B, which implements the ECOA. insidemortgagefinance.com/ar…
Investments in AI are starting to generate results for mortgage companies, but challenges remain. insidemortgagefinance.com/ar…
ALT “Anyone can vibe code something that works. But how do you get that from something that works really nice on somebody’s one computer to where it’s institutional and safe from a cyber perspective? That has been a real challenge for us.” - Maren Kasper, CEO of Lakeview Loan Servicing, on the challenge of creating AI solutions that can scale.
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Redwood’s capital markets team has started using AI for pricing, both to help inform bids on pools and to gauge how a pool of loans might sell via a securitization. The team is also using AI to do what a quantitative analyst would do. insidemortgagefinance.com/ar…
Ten Democratic state attorneys general have urged a federal district court to deny a motion by the Office of the Comptroller of the Currency in a lawsuit about final rules from the OCC on mortgage interest and preemption. insidemortgagefinance.com/ar…
Freddie Mac’s available total capital jumped from $6 billion at the beginning of the year to $16 billion on Sept. 30. insidemortgagefinance.com/ar…
Redwood Trust appears to have issued around $2.91 billion of non-agency MBS across six private deals in the first half of 2026. The deals might also have been redeemed shortly after being issued, according to a disclosure from Redwood. insidemortgagefinance.com/ar…
Many lenders may sell soon because they no longer have cash on hand to survive another challenging market, says industry consultant Rick Roque. “They’ve been through their market hurdles and they’re out of gas. They don’t have it in them for another run.” insidemortgagefinance.com/ar…
Onity Group generated $4.5 million of net income in the third quarter of 2026 after taking an $11.9 million loss the prior quarter. In the third quarter of 2025, Onity had an $18.7 million profit. insidemortgagefinance.com/ar…
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