Bank and thrift holdings of ARMs increased from the end of September to the end of December.

Last week was the first time in three and a half years that the 30-year FRM interest rate has dropped into the 5% range.

Retirements and a lack of new hires led staffing levels to shrink in the third quarter of 2025.

About 21% of homeowners have a rate of 6% or higher, the highest share in a decade.

AD Mortgage issued its largest-ever securitization last week.

Some $401.0 billion of nonconforming mortgages were originated in 2025.

"We structurally doubled the capacity of every production team member through technology," said Varun Krishna, CEO and director of Rocket Companies.

Gormley said Ginnie Mae is working with the Mortgage Bankers Association and the Housing Policy Council on the effort.

Michael Tannenbaum, CEO of Figure Technology Solutions, said some lenders are on the verge of shifting some of their mortgage business from the GSEs to FTS.

The Senate is poised to vote on legislation aimed at addressing housing affordability.