Brokers are increasing their production of non-qualified mortgages to keep up with rising demand, particularly from self-employed borrowers and real estate investors.

The first-quarter tally was the highest quarterly issuance total for Ginnie since the fourth quarter of 2021.

Optimal Blue said the market is adapting to a higher-for-longer rate environment.

400CM participated in a CRT issuance involving a $1.45 billion pool of mortgages originated by OceanFirst Bank.

Pending home sales increased by 1.3% on a weekly basis in the four weeks ending July 5, according to Redfin.

The CFPB, HUD, VA and a number of other agencies are planning to issue proposals and final rules.

The RFI includes a variety of questions regarding timing requirements for TRID disclosures, fee disclosure tolerance thresholds, how borrowers’ right of rescission impacts refinances and issues involving reverse mortgages.

The sharpest increase in the use of securitization was in the expanded-credit mortgage market.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.58% in the week ending July 3, according to the MBA.

“The market wrestled with some uncertainty throughout the spring shopping season, but mortgage rates declining from their mid-spring peak has added some extra heat as we head into an already toasty summer,” said Mischa Fisher, chief economist at Zillow.