Jayendran GS, CEO of Prudent AI, a mortgage tech provider, said the growing presence of AI in underwriting is alleviating some lender fear around the technology.

The Senate on Thursday confirmed Frank Cassidy as FHA commissioner and Joe Gormley as president of Ginnie Mae.

The appeal follows a 2-1 ruling that would allow the Trump administration to greatly reduce staffing levels and activity at the CFPB.

"And you will see this in the new year, I will announce some of the most aggressive housing reform plans in American history," President Trump said.

The House Financial Services Committee approved the Housing for the 21st Century Act on a 50-1 vote.

While purchase-mortgage issuance fell 8.4% to hit the lowest monthly volume since March, refinance activity spiked 44.0% in November.

Locks for mortgages declined by 4.2% on a monthly basis in November, according to Mortgage Capital Trading.

Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.

The shifts in October continued a trend seen throughout the year in the mortgage market.

Kenny Smith retired from Deloitte Consulting in 2020 after 27 years with the firm.