Applications for both purchase mortgages and refinances were up modestly last week.

The Federal Reserve responds to industry criticism by back-pedalling on some of the more aggressive capital requirements in the proposal.

After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

“There’s a surprising amount of people moving around the industry these days," said one consultant.

Originations of both non-agency and conforming jumbos were up in the second quarter of this year.

“The potential for growth of the sector is massive,” said Sainadh Polisetty, a senior vice president of investments at One William Street Capital Management.

Locks for rate/term refis doubled in August compared with July.

The discount applies to most types of refis, through Oct. 31.

The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.

The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.