“Some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in,” Redfin said.

"We launched an interest only mortgage product to fill in the market gap left by First Republic [Bank] and others," said Richard Raffetto, a senior executive vice president at Flagstar and president of commercial and private banking.

The planned $560.4 million issuance is the largest CES securitization yet from the nonbank, which started issuing deals in April.

The Trump administration vowed to continue the effort to fire Cook, alleging mortgage fraud.

Issuance increased by 7.8% from July and marked the strongest monthly total since November 2024.

"As we look forward, I think it’ll be gradual," Brian Brown, chief financial officer and treasurer of Rocket Companies, said of improvements in the housing market for homebuyers.

If subservicing is included in FHFA's market share cap, Rocket plans to shift some of the servicing mix at the combined Rocket/Mr. Cooper.

The top five jumbo producers in the first half were all federally insured depositories.

PennyMac released financial results for July and August as it presents for the Barclays Global Financial Services Conference.

Brendan Kelleher of MBA said one challenge in underwriting BNPL loans is their inconsistent visibility in borrower credit profiles.