Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.

The Fed didn't touch interest rates Wednesday but suggested that another increase in rates is likely this year.

The CFPB warned that lenders that use artificial intelligence and other "black box" credit models need to provide specific reasons for denying credit to loan applicants.

"It’s really difficult to predict with certainty and detail what exactly is going to happen in the third quarter of 2026," said Leda Bloomfield, branch chief for policy and equity at the FHFA.

Applications increased even as interest rates ticked up.

Only four other issuers have offered jumbo MBS during the third quarter, and none since mid-August.

Soft landing or mild recession...

Credit unions want reforms for CFPB; CFPB, states take action against firm offering point of sale financing; CFPB warns on college tuition payment plans; updates to NMLS policy guidebook; MISMO offers best practices for servicing transfers.

FHFA is showing that it’s willing to listen to industry feedback as the regulator works to transition the GSEs to new credit scoring processes. This week the agency delayed one aspect of the transition and noted plans to conduct listening sessions.

Freddie is searching for a new CEO as the GSEs mark 15 years in conservatorship. The CEOs of the GSEs also remain subject to limitations on compensation.