ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.

Originations through the retail channel increased during the third quarter of 2024, but correspondent and broker production grew at a faster pace. The retail share of total first-lien originations declined to 50.8%. (Includes six data tables.)

The increase in the 10-year Treasury rate following the November election and changes in expectations for interest rates have prompted economists to revise down their projections for originations in 2025.

Rocket sees conflicts in government policies for appraiser independence.

The pricing incentive is available to mortgage brokers for mortgages with credit scores of 720 and above.

Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.

A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.

Onity received $49.5 million for the sale.

Some nonbanks are placing exceptionally high bids for MSR, counting on being able to recapture a high number of borrowers with refinances when interest rates decline.

Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.