Applications for ARMs increased by 15% on a weekly basis.

The structured finance market produced $396.17 billion of new issuance in the third quarter, down 4.5% from the second quarter.

Concerns about interest rates outpaced home prices for the first time since Fannie started surveying consumers in 2010.

The comment period closed last week on a July proposal from HUD.

“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.

In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.

Mortgage lenders delivered $282.16 billion of first-lien home loans into the agency secondary market during the third quarter of 2023, a modest 2.3% increase from the prior period, according to a new ranking and analysis by Inside Mortgage Finance.

After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.

MBA's leader called on the Fed to provide some certainty to financial markets.

REITs that invest in MBS likely have been getting margin-called from repo lenders.