Analysts at Mortgage Capital Trading said the 10-year was up Tuesday due to a court ruling Aug. 29 determining that the Trump administration’s use of emergency powers to implement tariffs was illegal.

Delinquencies rose at both nonbanks and banks during the quarter.

Purchase-mortgage originations increased by 41.2% from the first quarter while refi business was up 34.1%.

The deal size increased by nearly 30% compared with Rocket's initial plans.

Some 75% of Hovnanian homebuyers who received a mortgage from the company used a buydown during the fiscal third quarter this year.

Sens. Bill Cassidy, R-LA, and Cory Booker, D-NJ, are seeking feedback on potential reforms to the National Flood Insurance Program.

The rule, implemented in June, aims to prevent conflicts of interest in the ABS market. The SEC provided no-action relief in May, helping ease compliance with the rule.

Purchase-mortgage lending outpaced refinance business in the second quarter. But purchase-mortgage volume barely budged compared with the first half of 2024 while refi production was up 66.1%. (Includes four data tables.)

The total delinquency rate among large servicers increased by 11 basis points during the second quarter of 2025. The reading was down compared with June 2024, though delinquencies look poised for further increases. (Includes two data tables.)

Figure Technology Solutions has flourished with HELOCs by developing new technology. Now the company is aiming to complete an initial public offering to expand into other markets.