Secondary markets

The sudden drop in long-end rates volatility was attributed to investors unwinding positions they used to hedge trades in mortgage-backed securities.

The move follows banking regulators' departure from the Network of Central Banks and Supervisors for Greening the Financial System earlier this year.

MSR investment persists and some values have stabilized since policymakers' rate cut confirmed anticipatory loan pricing, flattening some mortgage rates.

A fintech sourcing shared ownership of second homes is getting a revolving credit line to fund loan sales into the secondary market for non-qualified mortgages.

The buying is fueled in part by a $3.6 billion infusion that REITs got from selling new shares, according to data compiled by Bloomberg.

Intermediary automation has increased the immediate availability of product, pricing and eligibility information to both sides of the mortgage business.

The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.

The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.

Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.

Housing finance firms have anticipated a 25 basis point move, so what could move the needle is less that outcome than actions that go beyond or differ from it.