The CFPB is looking into whether it’s necessary to recertify a borrower’s ability to repay a rate-term refi as the borrower will be receiving a lower interest rate and mortgage payment and has already proven through a standard mortgage their ability to pay their loan.

Credit unions and small community banks opposed the idea of incentive membership programs at the Federal Home Loan Banks.

Elevated home prices are limiting home sales.

Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.

A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.

Even with elevated levels of delinquencies, MBS investors are protected due to credit enhancement and low loan-to-value ratios.

A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.

Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.

Overall, mortgage locks increased by 3.2% in September, according to Mortgage Capital Trading.

An estimated 64.2% of newly-originated home loans were securitized in the second quarter, down from 67.2% in the first quarter.