The study found that the Biden administration’s emphasis on reducing appraisal bias has generated some positive results.

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Uncertainty regarding election results could cause some interest rate volatility in the near term.

Investments in technology are helping Mr. Cooper reduce its servicing costs and allowing the industry’s largest servicer to place competitive bids on servicing portfolios.

Lenders, servicers and tech vendors are touting their latest products that include AI; many borrowers don’t appear to be ready to embrace AI in the mortgage process; and a handful of non-AI announcements.

Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.

The issuance is linked to HELOCs that have seasoned for an average of 28 months.