The average combined LTV ratio for loans in the pending $365.0 million MBS from Citi is 82.8%.

Foreclosure filings declined by 3% on a monthly basis in November.

Agency MBS issuance in November hit a level last seen in August 2022 at the tail end of the pandemic-driven mortgage boom.

“[When] we have a different administration, an administration that believes in enforcing the law, an administration that believes in a level playing field, the apparatus is all there to turn [the CFPB] back on,” Warren said.

Lending standards are loosening as more borrowers opt for adjustable-rate mortgages.

Correspondents upped their share significantly in the government-insured market, while brokers took a bigger bite of nonconforming lending.

Republicans in the House balked at including the ROAD to Housing Act in a defense spending bill.

Servicer refinance retention rose to 28% in the third quarter, according to a report from Intercontinental Exchange.

A soft rental market is holding back home sales to investors.

Only the broker channel managed to increase production in the third quarter, up 1.1% from the second quarter to $96.0 billion.