Mortgages

The government-sponsored enterprises will likely have their mainstay bonds exempted from the potential securitization-related rule, but their credit-risk transfers could be subject to it, some experts say.

SEMT 2023-2 shifted some of its underwriting from traditional full documentation to agency underwriting, with the latter accounting for 14.1% of the pool balance.

A week after it dropped to a 28-year low, purchase activity decreased again by over 5%, according to the Mortgage Bankers Association.

Financial terms were undisclosed for the most recent acquisition.

Buyer affordability has decreased by almost 22% in the past year, according to the Mortgage Bankers Association.

Persistent inflation concerns drove the 30-year average up 41 basis points this month.

Volumes fell 18% compared to the previous week, while refinance activity also pulled back.

Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.

The 51 basis point increase was inevitable after the late payment rate reached a record low in the third quarter, the Mortgage Bankers Association said.

Borrowers that are couples, and where the female is younger, account for 32.55% of the pool's aggregate unpaid principal balance, the plurality.