The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.58% in the week ending July 3, according to the MBA.
Some usually active issuers had no issuance in the second quarter, including Citigroup, Bayview Asset Management, Radian Mortgage Securities and Nomura Securities.
The Structured Finance Association submitted extensive feedback on the re-proposal. SFA's comments received an endorsement from a coalition of trade groups representing a broad variety of banks.