Issuance increased by 10.9% on a quarterly basis, well below the increases seen in recent quarters.

“A trade war would increase costs, including housing construction costs, and potentially affect employment, pressuring demand and mortgage performance,” according to Fitch Ratings.

The average interest rate on a 30-year fixed-rate mortgage declined from 6.81% on Nov. 27 to 6.69% on Dec. 5.

Onslow Bay plans to increase its correspondent business by offering a non-delegated option next year.

Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.

The final rule will implement without changes a proposed rule issued in July 2024.

Select Portfolio Servicing remained the largest nonprime servicer at the end of the third quarter.

The proposed rule will ensure protections from the Fair Credit Reporting Act apply to sensitive information, including information sold by data brokers.

The pending issuance is the second-smallest HELOC securitization from the firm this year.

Locks for refis plummeted in November following a rise in interest rates.