Sen. Elizabeth Warren, D-MA, one of the lead negotiators of the bill, guaranteed that it will eventually become law.

The ARM share of first-lien originations also declined somewhat, as interest rate trends in the first two months of the first quarter made fixed-rate mortgages somewhat more attractive than ARMs.

Days after issuing a $1.02 billion expanded-credit MBS, Annaly is marketing a $1.01 billion deal.

The number of new listings last week hit the lowest level since February.

Sales of new homes declined on monthly and annual bases in May.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

The proposal would redefine "high-needs rural population" and limit the use of area median income when defining low-income categories.

Another vote delay adds more uncertainty to the proposed merger between CrossCountry Mortgage and Two Harbor Investments.

H.R. 6644, the 21st Century ROAD to Housing Act, is being hailed as the most significant housing legislation from Congress in three decades.