Both government-sponsored enterprise and Ginnie Mae bulk servicing transfers declined on a quarterly basis in the third quarter.

“Investors love rising interest rates,” said Joseph Lau, president of LordCap Green and chairman of the Fixed Income Investor Network.

While VantageScore has been making its case at investor events focused on publicly traded companies, its CEO says there's no need for the credit scoring company to go public.

Rocket was the top bulk seller with a sharp increase in transfers, but a number of other sellers pulled back. Coissuance activity increased somewhat from the second quarter. (Includes three data tables.)

FHA mortgages accounted for 32.1% of overall purchase-mortgage volume with primary MI in the third quarter, losing share to private MIs and the VA. (Includes two data tables.)

Rocket Mortgage, the largest agency servicer and a nonbank, went the other way, reducing its portfolio during the quarter.

First Horizon opted to sell mortgages with low interest rates at a loss due to the limited utility the bank saw from the loans, according to Hope Dmuchowski, a senior executive vice president and chief financial officer at the bank.

The bank sharply increased the size of its subservicing portfolio in June.

The annual sales rate for new homes is at the lowest level seen since April 2020, according to the MBA.

The proposal would set higher capital requirements for multi-collateral structured credit investments by insurance companies. The Structured Finance Association is calling for additional disclosure instead.