Refi activity was up 27.1% from the first quarter and purchase volume rose 19.1%.

“By tearing down these onerous hurdles, we’re freeing professionals from a tangle of red tape that drove up costs, inhibited access to homeownership, and discouraged market participation,” said HUD Secretary Scott Turner.

With the federal deficit set to increase, there are fears that the 10-year Treasury rate will rise.

Jonathan Gould was the senior deputy comptroller and chief counsel at the OCC during the latter half of the first Trump administration.

The share of GSE purchase mortgages with credit scores of at least 740 increased from 73.8% in the first quarter of 2025 to 74.6% in the second quarter.

PennyMac and Redwood Trust are marketing separate prime non-agency MBS, the first deals in the market since June 24.

Among other changes, CHLA said the CFPB should allow a lender to reduce compensation to its employees for the purpose of being able to match a competing offer for a borrower an LO has been working with.

It’s not yet clear what’s in the FDIC's pending CRA proposal or if the other federal banking regulators are planning similar proposals.

In some regards, 2024 was a better, but trying, year for mortgage bankers. A handful of publicly traded shops gave nice pay raises to those in the C-suites. (Includes data table.)

The MBA said increased competition in the credit score space could improve competition in the mortgage space “if implemented correctly.”