The new HEI securitization has borrowers with slightly better average credit scores compared to an issuance in April.

In the first six months of 2024, Rocket had a market share of 10.5% in the wholesale channel, according to estimates by Inside Mortgage Finance, while United Wholesale Mortgage’s market share stood at 43.1%.

Carlyle, an investment firm, agreed to purchase up to $300 million of Unison's new equity-sharing mortgage products.

The broker share of originations declined from 19.1% in the first quarter to 18.2% in the second quarter, according to a new ranking and analysis by Inside Mortgage Finance.

Among other changes, the draft ML proposes extending the required time, from five to 15 days, for servicers to record a partial claim security instrument.

Regulators will propose that large banks be required to hold capital against the unrealized gains and losses on MBS.

The issuance will bring Rocket’s securitization volume of closed-end second liens to $3.30 billion this year.

The average interest rate on a 30-year fixed-rate mortgage declined to 6.20% this week, according to Freddie Mac.

Purchase-money mortgages accounted for 82.5% of agency MBS issuance during August, though the refinance share is growing.

Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.