ARMs accounted for 10.7% of mortgage applications last week.

Complaints about mortgages were down 6.2% compared with the second quarter.

A $491 million payout to junior preferred shareholders in the third quarter cuts Fannie Mae profits to $4.7 billion.

Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.

Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.

Prices were up 5.6% on an annual basis in August, according to FHFA.

For the first nine months of 2023, the market was down 43.1% from a year ago...

Mortgage originations declined by an estimated 3.8% in the third quarter on a sequential basis.

Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.

Sales of agency MBS holdings by banks are driving prices down, a reduction in portfolio lending by banks is helping to spur ABS issuance and the CMBS market is waiting for banks to take write-downs on commercial loans.