Demand for refis declined last week while applications for purchase mortgages held steady.

The CFPB is looking into whether it’s necessary to recertify a borrower’s ability to repay a rate-term refi as the borrower will be receiving a lower interest rate and mortgage payment and has already proven through a standard mortgage their ability to pay their loan.

Credit unions and small community banks opposed the idea of incentive membership programs at the Federal Home Loan Banks.

Elevated home prices are limiting home sales.

Some 9.2% of purchase loans sold to the GSEs in 3Q24 had credit scores below 700.

PRMG is — and has always been — more focused and excited about a healthier purchase market, said CEO Paul Rozo.

Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.

A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.

A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.

Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.