Once again, MSR sales are on a tear. The reason: conventional mortgage rates near 7.00% and a feeling of take the money while you can.

The White House released more details on its plan to reduce funding for the Department of Housing and Urban Development by $33 billion, as the Senate returns from recess to begin deliberations.

Many stakeholders remain skeptical of the Trump administration’s efforts to release the GSEs from conservatorship, but some analysts now say the process need not meaningfully impact mortgage rates.

The ABA and state regulators have opposing positions regarding federal preemption of state laws. The Trump administration is considering the views amid an effort to reduce regulatory burdens.

In response to deregulatory efforts by the Trump administration, the MBA and ABA suggested ways to boost bank mortgage activity.

The denial rate on applications for jumbo refinances dropped to 22.2% in 2024 from 25.4% in the year earlier, while only 10.3% of jumbo purchase-mortgage applications were turned down. (Includes data table.)

The changes include the availability of written verification of employment, a reduced account statement requirement and a lowered business fund ownership threshold.

In the coming weeks, Provident and JPMorgan Chase are both set to issue prime non-agency MBS.

Acra searches for new CEO; Rocket Companies upsizes securitization; House approves bill that would remove qualified mortgage underwriting requirements for small banks; prepayment rates on non-QMs increase; Longbridge Financial launches home equity product.

Officials at FHA and Ginnie Mae aren’t currently worried about steadily rising delinquency rates on government-backed loans, but they’re watching closely as FHA tightens its loss-mitigation protocols.