Originations declined by 12.3% from the second quarter.

The value of MBS holdings declined during the quarter as interest rates increased sharply.

First Horizon took a $473 million pre-tax loss in non-interest income on the sale of mortgages with an unpaid principal balance of $4.5 billion.

Residential mortgage originations declined in the third quarter at Bank of America, JPMorgan Chase and Wells Fargo. Even with high interest rates, servicing portfolios appear to be performing well.

BofA's originations of home equity loans increased by 2.9% from the second quarter.

Loans in the $294.1 million issuance have seasoned for an average of two months.

Mortgage applications declined by 2.7% on a weekly basis last week.

Chase posted a large drop in production income compared with the second quarter and an increase in net servicing revenue.

Pulte's planned speaking spot at the MBA conference went from in-person to virtual to canceled.

Rather than speaking as scheduled today, the MBA said FHFA Director Bill Pulte “hopes to be with us remotely on Tuesday.”