Applications for refis accounted for nearly 60% of mortgage applications received last week.

Combined, 17 MBS-focused REITs held $213.74 billion of residential MBS at midyear.

Union Home will acquire all of Sierra Pacific’s retail branches and wholesale-broker relationships.

Leaders in the Senate are considering attaching the ROAD to Housing Act to the National Defense Authorization Act.

Retail lenders gained the most ground in the nonconforming market.

"I think any outcome is ultimately an acceptable outcome," Michael Comparato, president of Franklin BSP Realty Trust, said of potential reforms to the GSEs.

Even if the CFPB rescinds its LO rule, the Truth in Lending Act — the statute the LO comp rule is implementing — remains.

"By rethinking the role of the master servicer, we see significant opportunities to expand our platform and deliver long-term value to clients," said Shane Ross, head of servicing for Newrez.

The Fed will have a new governor in place as it considers monetary policy this week and Fed Governor Lisa Cook will also remain in place.

The Fed rate cut? The odds presently focus on a 25-basis-point trim on the short end of the stick.