The company has been hit with $5 million in fines and redress, and must change its practices to be compliant with the CFPB's orders or face additional consequences.

PMIs say the tougher available assets standards won't impact their eligibility as approved insurers.

Mortgage technology providers believe originators should look to invest in new technology now before volume picks up later this year.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.

Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.

To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.

New construction will play a larger role in the purchase market over the next few years, according to Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association.

Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.