The retail channel accounted for 51.3% of first-lien originations in the second quarter of 2025.

PRMI is a portfolio manager founded in 2019 with ties to Merchants Bank of Indiana.

The average interest rate on a 30-year fixed-rate mortgage declined by 15 basis points in the past week.

The Federal Trade Commission ended the waiting period early for Bayview Asset Management's planned acquisition of Guild Mortgage.

Initially looking to raise around $500.0 million, Figure's IPO ultimately raised $787.5 million.

“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.