Demand for purchase mortgages declined last week even as interest rates on mortgages moved down.

The national emergency declaration would allow the administration to use extraordinary powers to address high home prices and limited housing supply.

As of the end of June, banks held $2.859 trillion in their servicing-for-others accounts, up 1.1% from the end of March.

“Today, that value is worth anywhere between $500 billion and $700 billion,” said FHFA Director Bill Pulte. “I think it’s going to be a $1 trillion, and potentially even higher.”

Voxtur Analytics has faced financial difficulties in the past year and was late filing earnings for the second quarter of 2025.

Analysts at Mortgage Capital Trading said the 10-year was up Tuesday due to a court ruling Aug. 29 determining that the Trump administration’s use of emergency powers to implement tariffs was illegal.

U.S. Bancorp saw the largest decline in first-lien holdings between the end of March and the end of June.

A half-point drop in rates won't generate enough savings to cover the cost of a new loan, Neighbors Bank says.

Wells Fargo was the top bank investor in Ginnie pass-throughs in the second quarter.

This is PennyMac's second prime jumbo MBS of 2025.