GSEs broaden VantageScore 4.0 access to all lenders

Fannie Mae and Freddie Mac reported August multifamily mortgage delinquencies. Freddie Mac's rate hit a 20-year high at 0.64%, up from 0.6% in July. Fannie Mae's rate fell to 0.57% from 0.62% in July. Rising delinquencies may reflect slowing rent growth and increased cost of living, according to Multifamily Dive and Urban Institute research.

Rocket Companies Inc. (RKT) stock rose 3.07% on September 22, 2026, driven by positive mortgage demand signals. The company reported $2.41B in quarterly revenue and $230M in net income, but negative free cash flow of -$1.41B. RKT's debt-to-equity ratio is 1.16, and it has a P/E ratio of 55.9. Recent developments include a settlement with the FTC and Zillow, a new CEO for Redfin, and the launch of an AI assistant called Rowan.

The Federal Reserve raised interest rates to 3.75%-4%, the first hike in three years, with unanimous FOMC support. Most members expect one more hike this year, with no cuts until 2028. Higher rates may negatively impact housing and home improvement stocks, as mortgage applications fell 19% year-over-year. Fed Chair Kevin Warsh emphasized inflation concerns, noting it remains elevated. Some stocks, like Rocket Companies and Home Depot, may benefit if rates drop and housing activity increases.

FHFA director Bill Pulte directed Fannie Mae (FNMA) to align its servicing policy with Freddie Mac (FMCC), allowing servicers to proactively contact borrowers for mortgage insurance cancellation. FNMA shares dropped 9% and FMCC nearly 8% following the directive. Higher rates may lead to homeowner sell-offs or refinances, but a 2008-like crisis is not expected.

Rocket Lab has filed a protest with the GAO over NASA's $700M contract award to Blue Origin for a Mars Telecommunications Orbiter. Rocket Lab claims NASA's decision was inconsistent with eligibility criteria and unfairly reviewed their technical proposal. Blue Origin's design is based on its Blue Ring spacecraft, with multiple units already in production.

Rocket Companies (RKT) reported its most profitable quarter in four years with $2.76B in adjusted revenue and improved market share. Despite this, Jim Cramer avoided predicting a stock price target of $30 due to cyclical risks. Hedge funds reduced stakes, but short interest remains low. Management highlighted strong loan servicing and digital platforms.