Rep. Jeb Hensarling, R-TX, and chairman of the House Financial Services Committee, touted the benefits of the republican’s PATH Act to create a sustainable housing finance system.

An affiliate of Bayview Asset Management is preparing to issue a unique non-agency mortgage-backed security, according to a presale report by DBRS. The firm plans to package close to 5,000 “daily simple interest” mortgages originated about 10 years ago into a $241.2 million issuance.

According to Fannie’s website, the moratorium on bulk MSR transfers does not affect concurrent transfers.

In addition, each programming change would need to be tested…

The September figures represented a 5.7 percent increase from the midway point in the year and an 8.8 percent climb from a year ago.

Purchase mortgages accounted for 67.3 percent of the $4.07 billion in prime non-agency MBS issued during the quarter...

And there’s a school of thought that says rates have risen too quickly and by too much...

In the refinance market, the share of loans falling into the low-score/high LTV group was 2.57 percent, down from 2.86 percent in the second quarter...

KBRA said the borrowers have strong credit profiles, significant home equity, and a weighted-average credit score of 760.

Other servicing brokers are still assessing market conditions with some rate watchers like Barry Habib cautioning against a “head fake” on where things may wind up.