A task force at the National Association of Insurance Commissioners recommended adoption of a proposal to alter credit ratings on investments at insurance companies. However, NAIC didn’t move forward with the proposal at a meeting last week.

Originations increased across mortgage products in the second quarter. The conventional-conforming sector’s market share held steady while government-insured lending lost some share. (Includes data tables.)

The mortgage delinquency rate is rising in tandem with the unemployment rate. While early-stage delinquencies are growing, borrowers are largely avoiding foreclosure thanks to home equity and loss mitigation. (Includes data tables.)

Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.

Demand declined for both purchase mortgages and refinances last week.

Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.

Home prices increased by 0.2% on a monthly basis in July, according to Redfin.

Lenders pinned the underwhelming growth on elevated interest rates and a limited inventory of homes for sale.

The seriously delinquent rate fell to 1.01% at the end of June.

The assets in the SPV include some type of service contracts, intellectual property, software and hardware.