Any regulatory action resulting from the CFPB’s recent request for information must be grounded in the bureau’s statutory authority, the Mortgage Bankers Association said.

The CFPB said it is stepping in to stop harmful practices used in contract for deed financing that set up homebuyers to fail.

Skyward Specialty Insurance Group launched a mortgage reinsurance business.

Loans in the new prime jumbo MBS had an average seasoning of 13 months.

Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.

The nonbank’s origination unit took a $3.1 million loss in the second quarter after a $24.2 million loss the previous quarter.

Spreads on MBS and ABS widened following the release of the jobs data, but spreads widened even more in corporate credit sectors.

The average interest rate for a mortgage stood at 6.73% just before the release of the jobs report last week.

Blend Labs took a $19.4 million loss in the second quarter.

Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.