Rocket is offering the program through its retail and wholesale outlets.

High interest rates and low supply continue to affect the availability of the affordable homes required to fulfill the GSEs' housing goals.

Mortgage technology providers believe originators should look to invest in new technology now before volume picks up later this year.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.

New construction will play a larger role in the purchase market over the next few years, according to Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association.

Demand declined for both purchase mortgages and refinances last week.

Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.

"It is likely to cause significant adverse consequences to banks and consumers, including causing the tightening of credit standards," the ABA said of the CFPB's proposal.

Home prices increased by 0.2% on a monthly basis in July, according to Redfin.