Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.

Expanded-credit MBS marketing had paused after Aug. 22.

The bank projected that it will take more than four years to recover the $9.3 million loss tied to the sale of the MBS.

Demand for purchase mortgages declined last week even as interest rates on mortgages moved down.

The national emergency declaration would allow the administration to use extraordinary powers to address high home prices and limited housing supply.

Voxtur Analytics has faced financial difficulties in the past year and was late filing earnings for the second quarter of 2025.

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.