Attendance at ABS East hit another record this year.

The Ohio-based bank had $43 million in mortgage-banking income in the third quarter, up 54% from the second quarter.

The prepayment rate on agency MBS reached the highest level in 11 months in September, with another increase expected in October.

Equifax and Experian made similar moves recently.

Home prices have ticked down on an annual basis for 10 consecutive months.

The prepayment rate on agency MBS hit a high for the year in September and that’s expected to be topped again in October. Analysts note that their prepayment models are off due to changes in lenders’ practices.

Santander Bank is issuing a securitization of closed-end second liens sourced from Pennymac. Also, an affiliate of PIMCO is offering a securitization of seasoned HELOCs.

Fed still working toward a Treasury-only balance sheet; BlackRock, Hoplon units partner to bring in new ABS issuers; ABS East set for record attendance; CREFC adjusts plans for DC symposium.

Certain mortgage companies are comfortable using AI voice bots to interact with borrowers, seeing gains in efficiency. Others are using the technology in non-customer-facing activities.

Chase increased its production by 3.7% during the third quarter, helped by correspondent lending. BofA posted an even more modest increase and production was down at other large banks.