Servicing

But refis bring overall mortgage application fraud risk back to its record low, First American said.

The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week.

The key word is "temporary" with the FHA's quality control waiver expiring and not likely to be renewed.

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

A likely weathervane for how single-family rentals are being affected by the pandemic, the $826.2 million securitization by FirstKey Homes is ultimately secured by income stemming from home rentals located in current COVID-19 hotspots including Florida and Arizona.

The number of loans going into coronavirus-related forbearance dropped for the sixth consecutive week, as the growth rate fell 6 basis points between July 13 and July 19, according to the Mortgage Bankers Association.

Whalen: "It is tempting to think that low interest rates will cure all ills in the housing sector, but this view is seriously in error, as we learned in 2008."

CoreLogic said more refinancings and fewer investor purchase mortgages drove its index down to a level last reached in the third quarter of 2010.

Mortgage industry hiring and new job appointments for the week ending July 24.

The company lost $8.9 million in the second quarter, but its origination and servicing businesses were profitable.