An affiliate of Proprietary Capital prevailed in a lawsuit against Mr. Cooper Group.

The pending MBS are the largest seen from the issuers this year.

The California Democrat vows to fight to maintain consumer protections.

Issuance increased by 10.9% on a quarterly basis, well below the increases seen in recent quarters.

“A trade war would increase costs, including housing construction costs, and potentially affect employment, pressuring demand and mortgage performance,” according to Fitch Ratings.

The average interest rate on a 30-year fixed-rate mortgage declined from 6.81% on Nov. 27 to 6.69% on Dec. 5.

Onslow Bay plans to increase its correspondent business by offering a non-delegated option next year.

Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.

The final rule will implement without changes a proposed rule issued in July 2024.

Select Portfolio Servicing remained the largest nonprime servicer at the end of the third quarter.