Issuance of non-agency MBS increased by 9.3% during the third quarter to $65.27 billion.

A recent PwC study found that 74% of borrowers were concerned about AI making lending decisions.

BofA's originations of home equity loans increased by 2.9% from the second quarter.

Loans in the $294.1 million issuance have seasoned for an average of two months.

Mortgage applications declined by 2.7% on a weekly basis last week.

Chase posted a large drop in production income compared with the second quarter and an increase in net servicing revenue.

The Mortgage Bankers Association launched a housing affordability action plan with 20 policies that can help reduce the cost of housing "with the stroke of a pen."

It's unclear if mortgages can be fully AI-originated and still comply with state and federal laws.

Kieran Brady, chief financial officer at Archwest, said the outlook for the RTL sector remains strong, supported by the long-term need for new housing and renovation of existing homes.

Pulte's planned speaking spot at the MBA conference went from in-person to virtual to canceled.