Deliveries of refinances to the government-sponsored enterprises jumped from $9.37 billion in September to $15.59 billion in October.

The share of mortgages in forbearance increased from 0.34% as of the end of September to 0.47% at the end of October, according to the Mortgage Bankers Association.

Lock-in persists; eClosing found to provide pricing gains; home sales expected to increase; LOs shy away from AI; credit card offers rewards points for mortgage payments; steady profits for LendingTree from lead business.

Government mortgage insurance programs captured most of the primary MI gain in the third quarter.

Prior to the second quarter of 2024, lenders participating in the MBA survey posted losses, on average, for eight consecutive quarters.

“The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.

CSBS is reminding MLOs of their yearly continuing education requirements in the midst of the annual renewal season.

Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.

Among LOs that knowingly use AI, the most cited use was for marketing efforts.

The loss was largely from a negative $878.3 million change in the fair value of mortgage servicing rights.