Sam Valverde, acting president of Ginnie Mae, noted that Ginnie and the Department of Veterans Affairs have policies in place to prevent refis that don’t benefit borrowers and they will continue to watch for “abnormal” refi activity.

The REIT is off slightly from its pace in the second quarter. However, executives are optimistic that rising product demand and bank partnerships should continue to spur growth.

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.

“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

Applications for refis declined while demand for purchase mortgages ticked up last week.

FHFA Deputy Director Naa Awaa Tagoe announced several policy changes impacting the GSEs.

HUD Secretary Adrianne Todman rallied lenders at the Mortgage Bankers Association's annual convention.

“My view is nothing will be done because it’s going to be too hard to get it done,” Jamie Dimon, chair and CEO of JPMorgan Chase, said of the potential for a re-proposal of capital requirements for large banks.

FHFA Deputy Director Naa Awaa Tagoe filled in for agency Director Sandra Thompson at the MBA's annual convention.