Seven Republicans in the Senate wrote to federal banking regulators, amplifying concerns already raised by mortgage industry participants about proposed revisions to capital requirements for large banks.

The Supreme Court will hear a case on whether national banks are required to follow state requirements to pay interest on funds in mortgage escrow accounts. A ruling in favor of national banks could lead to an unlevel playing field, according to state regulators.

The company experienced a cyberattack Dec. 20 and took various systems offline to address the issue. System access started to be restored late last week and First American cautioned that sensitive data had been accessed.

The planned $440.9 million issuance is the largest jumbo MBS from Redwood in more than a year.

The industry expects robust bulk MSR trading during the first quarter.

First American stressed that all funds associated with the company were secure.

Lower interest rates didn't translate into higher home sales in November.

An estimated $51.0 billion of closed-end second liens and home equity lines of credit were originated in the third quarter.

“These attacks are prevalent, continue to increase in frequency and sophistication, and are increasingly difficult to detect,” First American cautioned in a recent filing with the Securities and Exchange Commission.

A growing number of homeowners are looking to sell as interest rates decline.