Income verification services provided by the IRS could continue to operate during a government shutdown; Rocket leads the way on raising loan limits; Redfin leaves NAR.

If the federal government shuts down starting Oct. 1, the mortgage market will largely carry on, but with some complications.

Top executives of Freedom Mortgage, NewRez and Mr. Cooper said servicing operations have helped them sail through the originations storm.

The heads of mortgage industry trade groups are frustrated that the federal government is crowding out non-agency market participants.

The new proposed capital requirements could reduce LMI lending by large banks and make warehouse financing expensive for nonbanks.

Buydowns have fallen out of favor among borrowers this year as interest rates have continued to rise.

Mortgage performance could soon turn a corner, according to Black Knight.

The Supreme Court will hear oral arguments next week in a case that could decide the fate of the CFPB; CFPB tracking lending trends from 2022 HMDA data; FHFA looks to expand activity involving mortgages with shared-equity features.

Trade groups representing large banks and mortgage lenders warn that a July proposal to increase capital requirements for large banks could push depositories further from the mortgage market.

MSR prices, especially for conventional low-coupon product, have firmed up nicely. Some large holders are cashing in. But others are choosing to live off processing income until originations snap back.