The Commerce secretary says a year-end offering of GSE stock is still possible.

"The backdrop for investors owning agency mortgages feels a lot more supportive," said Jay Bacow, co-head of securitized products research at Morgan Stanley.

PRMI is a portfolio manager founded in 2019 with ties to Merchants Bank of Indiana.

The average interest rate on a 30-year fixed-rate mortgage declined by 15 basis points in the past week.

The Federal Trade Commission ended the waiting period early for Bayview Asset Management's planned acquisition of Guild Mortgage.

The group of servicers handled $1.51 trillion of jumbos at the end of June, up 0.7% from the end of March.

Treasury Secretary Scott Bessent said FSOC is focused on economic growth because “regulators too often overlook the threat economic stagnation poses to financial stability.”

Initially looking to raise around $500.0 million, Figure's IPO ultimately raised $787.5 million.

“Some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in,” Redfin said.

Mr. Cooper remained the largest subservicer with $778.1 billion of contracts on its books at the end of June.