Loans in the MBS were originated by Southwest Stage Funding via its Cascade Financial Services unit.

Since the Fed started its current asset reduction period in 2022, it has allowed an average of about $18 billion a month of agency MBS to run off.

Demand for refis declined last week while applications for purchase mortgages held steady.

Residential MBS production was up 11.9% from the second quarter, hitting $341.43 billion, a two-year high.

In early September, the FCC released a draft report and order that would establish new safeguards against spoof calls and texts.

The CFPB is looking into whether it’s necessary to recertify a borrower’s ability to repay a rate-term refi as the borrower will be receiving a lower interest rate and mortgage payment and has already proven through a standard mortgage their ability to pay their loan.

Credit unions and small community banks opposed the idea of incentive membership programs at the Federal Home Loan Banks.

Elevated home prices are limiting home sales.

Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.

A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.