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.

Senate passes the ROAD to Housing Act; layoffs at HUD, CDFI Fund halted; MBA’s annual conference missing some federal officials.

Both originations and mortgage revenue increased at U.S. Bank in the third quarter.

"We’re not counting on ultimately a big lift in our mortgage business," said Bruce Van Saun, chairman and CEO of Citizens Financial Group.

FHFA's proposed strategic plan includes an emphasis on combating fraud and misconduct.

While Bank of America managed to increase mortgage production in the third quarter, lending was down at Citizens Financial and PNC Financial.