MISMO is seeking feedback on a new application threshold decision model; mortgage industry consolidation continues apace; home price appreciation continues to ease.

The rating service said both technicals and fundamentals in the mortgage market appear more resilient to stress than in previous crises, while highlighting some vintage differences.

The ABS tied to loans to developing and growth-stage companies is Horizon Technology Finance’s second such deal to date.

The biggest change in the FHA portfolio was in the 30-days past due category...

Default rates on Fannie/Freddie loans continued to decline in the third quarter of 2022, while FHA-insured loans in Ginnie MBS pushed the overall Ginnie delinquency rate higher.

Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity.

The disclosures are planned to begin in December.

Commercial banks and savings institutions reported significant declines in secondary market mortgage activity during the second quarter. Home loans held for sale on banks’ books also saw a severe drop. (Includes two data charts.)

Repurchase activity at banks and thrifts increased sharply during the second quarter. PNC Bank overtook JPMorgan Chase to lead the industry in buybacks. (Includes data chart.)

Nonbanks’ market share contracted to 63.4%..