Conventional rates near 8% might be the order of the day, at least for a few more quarters.

Underwriting trends largely held steady for refis in the third quarter...

Lenders gravitated toward lower loan-to-value ratios and higher credit scores with their deliveries to the GSEs in the third quarter.

NMSI lost an appeal of a lawsuit brought by two former employees regarding compensation. The dispute centered on whether email correspondence was sufficient to modify an employment contract.

VantageScore expanded the borrower base; mortgage interest rates increased for seventh consecutive week; Blend tech offering for nonbanks; MISMO updates.

Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.

Sales of agency MBS holdings by banks are driving prices down, a reduction in portfolio lending by banks is helping to spur ABS issuance and the CMBS market is waiting for banks to take write-downs on commercial loans.

"Higher for longer" is beginning to sink in.

Attendance at the ABS East conference hit a record this week even as industry participants are anticipating a recession. Parts of the ABS market are offering investors better returns than corporate debt.

Bank demand for agency MBS is weak, leading to wider spreads and losses on MBS holdings for some. Banks are also reducing their lending activity, providing an opening for nonbanks.