After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.

MBA's leader called on the Fed to provide some certainty to financial markets.

Various factors are to blame for rising interest rates on mortgages...

Ever since the Fed started its rate-hiking cycle, the spread between interest rates on loans in agency MBS and the 10-year Treasury rate has been elevated. Prepayment risk is to blame and there’s no easy fix.

Loans in a new ABS from Cross River Bank were originated in partnership with Upstart Network. Partnerships with banks provide interest-rate preemption to many nonbank lenders.

The GSEs provided new disclosures on temporary buydowns. Borrowers most commonly take a buydown that lasts no more than two years and usage of the feature is declining amid elevated interest rates.

Income verification services provided by the IRS could continue to operate during a government shutdown; Rocket leads the way on raising loan limits; Redfin leaves NAR.

Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.

While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.

The amount of mortgages nonbanks originated in California in 2022 was more than double the volume in the second-ranked state.