Homebuying picked up in the summer months after a slower than usual spring season.

Ben Jackson, president of ICE, said during an earnings call last week that the mortgage segment will be aided by a growing artificial intelligence business.

Optimal Blue added FICO Score 10T to the platform in June.

The Senate confirmed Jay Clayton as director of national intelligence last week.

Agency MBS fundamentals have been supported by a combination of elevated mortgage rates, limited refinancing incentives, constrained housing turnover and low net supply.

Investor demand is expected to remain strong for agency MBS despite some volatility expected for the rest of the year.

Fitch ratings found that early-stage delinquencies and cumulative default rates for consumer ABS deals are higher following a servicer bankruptcy or originator wind-down.

Pennymac's net income declined 73.6% from the first quarter to the second quarter.

Homebuilders reported a slight decline in incentive use in the second quarter, but still project incentives to remain elevated compared to historical average for the foreseeable future.

Lenders are examining how they market to prospective borrowers following the passage of the trigger leads bill in March.