If rates rise enough, will refis fall by 50 percent?

At Sept. 30, U.S. Bank held $56.2 billion of first and second liens in portfolio, a 7.7 percent improvement from the same period a year earlier.

Meanwhile, loan brokers tended to originate larger loans, averaging $264,646 for purchase mortgages…

Fannie Mae’s Connecticut Avenue Securities program and Freddie Mac’s Structured Agency Credit Risk program have accounted for the bulk of GSE activity since the CRT initiative was launched three years ago.

The private MI share of agency purchase loans rose from 26.9 percent in the second quarter to 27.8 percent in the third.

The FHFA said internal audits at the housing GSEs should cover the entire audit universe over a four-year period…

Fannie Mae had the bigger quarter in CRT activity, more than doubling its second-quarter total with a record $2.52 billion of issuance…

Analysts will be keeping a close eye on servicing marks from Nationstar Mortgage, PHH Corp., Stonegate Mortgage and Walter Investment Management Corp., the parent of Ditech…

Bank of America’s mortgage division posted $297 million in residential income for 3Q compared to $267 million in 2Q and $290 million in the third quarter of last year.

The court’s reasoning in the case casts doubt on the validity of the FHFA’s structure, according to a report from Compass Point Research & Trading.