“This is ultimately giving each and every market participant a chance to see what the new score will look like, to see what the GSEs are proposing in terms of calculating a representative score,” said Anthony Hutchinson, a senior vice president of industry and government relations at VantageScore.

The increase in mortgage applications was driven by refis.

The share of loans with a credit score of 740 of above increased from 69.65% for deliveries to the GSEs in the first quarter of 2024 to 70.80% in the second quarter.

Both BofA and PNC increased production compared with the first quarter of 2024, though volume was down compared with the second quarter of 2023.

HUD charged Rocket Mortgage and other entities with appraisal bias.

Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.

New construction and non-qualified mortgage products are performing well despite limited inventory impacting purchase originations.

The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.

Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.

Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.