Rocket, UWM offer low-downpayment products; CFPB finds sharp differences in loan pricing; servicing profits improve; timing for recession unclear; quantifying the refi boom; Freddie improves paystub analysis; Blend offers soft credit pulls; MISMO seeks comments on closing standards; Maxwell acquires capital markets provider; fractional homeownership.

If the federal government doesn’t increase its debt ceiling in the near term, payments to investors in MBS and ABS will largely still continue as usual, according to DBRS. But there are significant risks in terms of borrower performance.

Higher interest rates are contributing to elevated delinquencies in auto ABS; Kroll places ratings on 11 commercial MBS on watch for downgrade; DBRS adds asset types to rep and warrant analysis; DBRS proposes updating its ESG analysis.

At a congressional hearing this week, the FHFA director faced four hours of questioning, including queries on the recently rescinded proposed fee based on a borrower’s DTI ratio.

The CFPB found a wide range of interest rates on mortgages originated in 2021 among the top 20 lenders.

United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.

Members of Congress on both sides of the aisle compared the conservatorship of the GSEs to that of Britney Spears.

Demand for mortgages declined as interest rates ticked up.

Thompson was the sole witness at a hearing by the House Financial Services Committee.

In March, FHFA proposed adjustments to capital requirements for commingled securities held by Fannie Mae and Freddie Mac.