Demand for both purchase mortgages and refinances increased last week, helped by a slight decline in interest rates for mortgages.

The refi share of agency MBS issuance slid to 24.1% in July after accounting for 45.1% in March.

Proceeds from the debt offering will be used to repay a portion of the amounts outstanding under CCM’s mortgage servicing rights line of credit, which CCM drew on for its planned acquisition of Two Harbors.

Rise Economy successfully sued to stop the OCC’s 2020 CRA final rule from being implemented.

The REIT sees more relative value in home equity loans than in other asset classes.

UWM alleges that Two Harbors’ management “embarked on a stealth mission of subversion, calculated inaction and outright lies designed to kill the UWM merger.”

Securitization volume rose across all three channels, but retail expanded by an above-average 11.4% on a quarterly basis.

The rating service is treating the $1.65 billion of equity provided by Oaktree Capital Management and the Ishbia family as debt for UWM rather than as equity.

More lenders are looking to be approved for the GSE's pilot program for the VantageScore 4.0 credit score.

The companies expect the deal to close in the fourth quarter.