Seeing plenty of room in FHA's capital ratio, lender trade groups are calling for an end to FHA's requirement of MI for the life of the mortgage.

The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.

“We have shown it is possible to meet the mission while also being fiscally prudent and being a good steward of taxpayer funds,” said FHA Commissioner Julia Gordon.

A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.

Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.

The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.

Better lost $340 million in the third quarter and projects a decline in originations for the fourth quarter.

The MBA and other trade groups are urging Senate and House leadership to make sure funding and authorization for the National Flood Insurance Program doesn’t lapse on Nov. 17.

CFPB Director Rohit Chopra focused on the interplay between appraisal management companies and how much appraisers are paid.

The inventory of homes for sale was stronger than anticipated in October.