PRMG is — and has always been — more focused and excited about a healthier purchase market, said CEO Paul Rozo.

Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.

A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.

A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.

Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.

Overall, mortgage locks increased by 3.2% in September, according to Mortgage Capital Trading.

With interest rates declining, mortgage fraud is a growing concern.

Demand for both purchase mortgages and refis declined last week.

The retail channel remained the largest source of nonconforming loans, though the channel’s market share dropped in the first half of 2024.

A downpayment assistance program “polls great” but “we are just not going to see” it unless Democrats have a supermajority of the Senate, said David Dworkin, president and CEO of the National Housing Conference.