The changes are focused on rating criteria for private student loans and will have a mixed impact on outstanding deals. Industry had raised concerns about the proposal, but Moody’s pushed forward.

There’s plenty of home equity available to homeowners but interest rates are constraining originations of home equity loans. Banks remained the top three originators of home equity loans in the third quarter. (Includes three data tables.)

After projecting four rate cuts for 2025 at their September meeting, members of the Federal Open Market Committee now project only two rate cuts next year.

Fannie Mae projects that its issuance of credit risk transfer transactions in 2025 will be similar to issuance in 2024.

The share of borrowers using discount points has more than doubled since 2020. The use of discount points is more common among nonbanks.

Chase is marketing its first expanded-credit MBS with mortgages for primary residences.

Some mortgage borrowers are “being caught in a customer service doom loop,” according to the CFPB.

The Senate approved S. 3502, The Home Buyers Privacy Protection Act, on a unanimous vote.

Fannie Mae economists forecast “no meaningful decline ” in the 10-year Treasury rate in 2025.

The correspondent channel gained share in the conventional-conforming market during the third quarter of 2024.