Locks for rate/term refis were down 34.3% on a monthly basis.

The average combined LTV ratio for loans in the pending $365.0 million MBS from Citi is 82.8%.

Foreclosure filings declined by 3% on a monthly basis in November.

Agency MBS issuance in November hit a level last seen in August 2022 at the tail end of the pandemic-driven mortgage boom.

Foreclosure rates in key metros are on the rise, leading to growing concerns for homeowner stability.

“[When] we have a different administration, an administration that believes in enforcing the law, an administration that believes in a level playing field, the apparatus is all there to turn [the CFPB] back on,” Warren said.

Lending standards are loosening as more borrowers opt for adjustable-rate mortgages.

Housing Trust Fund allocations for 2026 were just announced, months behind the usual timeline.

Correspondents upped their share significantly in the government-insured market, while brokers took a bigger bite of nonconforming lending.

Republicans in the House balked at including the ROAD to Housing Act in a defense spending bill.