There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

Interest rates could stay for higher than longer than previously expected...

SFA published best practices for ESG disclosures for residential MBS and auto ABS. The association is starting with a limited number of disclosures and plans to expand the effort.

Issuance of auto ABS in the third quarter of 2023 has topped issuance from the second quarter. Issuers are seeing strong demand from investors despite rising defaults. An auto worker strike is also introducing some uncertainty.

New hires at SFA in legal, ABS; commercial MBS delinquencies tick up; VantageScore usage in ABS market increasing; Radian offers insurance-linked note; securitization of residential transition loans; Chase offers non-agency MBS tied to exceptionally old mortgages.

Trade groups representing large banks and mortgage lenders warn that a July proposal to increase capital requirements for large banks could push depositories further from the mortgage market.

FHFA has delayed a switch to a bi-merge credit score process at the GSEs. Industry participants are still waiting for data that is needed to help with the transition to new scoring models.

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.