The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.

ARMs accounted for 13.8% of first-lien originations in the second quarter.

Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.

Tim Mayopoulos, a former CEO of Fannie Mae, is advising Roam.

The CFPB examined direct mail ads for reverse mortgages.

Chase originated all of the mortgages in its latest jumbo MBS.

Some $36.47 billion of Ginnie MBS was issued in August, essentially level compared with July.

Banking trade groups also called for a re-proposal or a new 120-day comment period.

“I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.

Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.