Originations

The agreement between The Work Number business unit and Iris Software Group could ease employment and income verification for up to 1 million consumers, the credit-reporting agency said.

The morning after, the benchmark 10-year Treasury yield touched a 52-week high, but Freddie Mac reported a 1 basis point jump.

Lenders are brushing up on ways to minimize losses associated with the increasing costs to fund mortgage pipelines.

And bond market pricing has moved higher in anticipation of today's Federal Open Market Committee announcement even though most expect no increase in short-term rates.

The large companies are facing macroeconomic pressures because of high mortgage rates, Fitch said, but the American Land Title Association noted the industry's strong financial position.

Housing costs grew to an average of $2,632 during the four weeks ending Sept. 10, according to a Redfin report.

Production costs, which typically run higher for such loans, can actually fall during a purchase market, a white paper published by the MBA found.

The 30-year fixed moved 6 basis points this week as investors digested the news from the Consumer Price Index report.

A continued slowdown in refinances, though, drove overall loan-application volumes lower last week, even as the Government Index posted a small gain, according to the Mortgage Bankers Association.

Spreads with the 10-year Treasury are unlikely to narrow from outsized levels even as inflation cools and Fed tightening ends, said Odeta Kushi, an FA economist.