HomeBridge Financial Services is the largest contributor to the securitization, accounting for 49.9% of the dollar volume.

It’s not yet clear what’s in the FDIC's pending CRA proposal or if the other federal banking regulators are planning similar proposals.

Some 29% of households surveyed by Fannie Mae in June said they were concerned about potentially losing their jobs, up from a 22% share in May.

The issuers started marketing the deals just before the Fourth of July weekend.

Both the correspondent and broker channels increased their market share recently.

Fitch's Susan Hosterman said loans that have a DSCR of one or higher are performing "extremely" well.

Chase issued a similar deal in December.

The firms have issued three similar deals, beginning in early 2024.

At a hearing in the House, Powell reiterated that the Fed is waiting to see developments in tariff policies and the employment market before deciding whether to cut rates.

The homebuyer must have a purchase mortgage from Rocket to be eligible.