Funds managed by American Mortgage Investment Partners Management submitted the winning bids for the most recent sale and for one of the sales conducted in July 2025.
“Longer-term rates, including mortgage rates, had already baked in the expectation of hikes at this and future meetings,” said Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association.
Seth Appleton, president of USMI, promptly announced the PMI trade group’s support for Pulte’s efforts to align the GSEs’ policy regarding mortgage insurance.
The yield on the 10-year has increased from 4.8% at the beginning of the Trump administration to above 5.0% this week, even with recent efforts by the Treasury aimed at lowering the yield, such as bond buybacks.
The trade group seeks industry comment on a plan to centralize data on the loans collateralizing both agency mortgage-backed securities and non-agency MBS.
“Next week’s [Fed] meeting will be key, as the inflation and economic outlook will help shape the path of rates and homebuyer demand,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.
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