Private MIs are fully prepared for the credit score transition at the GSEs, according to Seth Appleton, president of U.S. Mortgage Insurers.

After getting close to 4.80% Tuesday, the 10-year Treasury rate declined somewhat Wednesday.

The 60-basis-point discount on agency products is long term and available to all brokers.

Purchase-mortgage business is running ahead of the levels seen in the first half of 2025.

H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, would bring the CFPB under the congressional appropriations process, require cost-benefit analyses for rulemakings and stipulate periodic reviews of major rules to ensure their benefits justify their costs.

Ishbia said it’s unlikely that changes to LLPAs will be “massive” or across the board.

Applications were essentially unchanged on a weekly basis last week even as interest rates ticked up.

Four partnerships with undisclosed companies generated less than $50,000 in cumulative revenue.

Land contracts lack protections that apply to mortgages and often carry worse terms for homebuyers than mortgages, the Pew Charitable Trusts noted.

In the second quarter, all but four of the 50 largest jumbo lenders posted increases in originations.