A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.

A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.

Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.

Interest rates tick up, mortgage applications slow near the end of September and refi rate locks spike during the month; Annaly turns to Rocket for subservicing and retention; Fairway touts returning employees; mortgage tech developments; SitusAMC sells loan insurance entity.

Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others.

Subprime auto deals that experienced distressed servicing transfers last year saw swings in delinquencies and ultimately took an elevated level of losses, according to Kroll Bond Rating Agency.

Initial estimates on Hurricane Helene’s impact; Ginnie to host summit with a focus on nonbanks; MSR financing securitization from Freedom; T-Mobile moves forward with cell phone financing ABS.

Overall, mortgage locks increased by 3.2% in September, according to Mortgage Capital Trading.

An estimated 64.2% of newly-originated home loans were securitized in the second quarter, down from 67.2% in the first quarter.

The MBS is stocked with scratch-and-dent loans, early buyouts from Ginnie MBS and non-QMs.