Mortgages

The REIT did not issue a securitization in the period because of the upheaval, but found a more receptive marketplace in July.

The changes, which appear to be separate from a controversial nonbank proposal that's pending, will reduce red tape for credit unions and housing finance agencies and clarify a calculation for loans eligible for repurchase.

Refinances inched up 2% as interest rates dipped, but accounted for only 31% of activity, compared to two-thirds a year ago.

Volumes set a record in 2021 and they've held up better than expected this year, but declines are forecasted for the sector some banks are using to partially offset single-family's slump.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.

New American Funding scored the highest among eligible companies in this year's substantially redesigned measurement of customer satisfaction.

The jump for second mortgages and bank cards was even more pronounced, according to indices published by Standard & Poor’s and Experian.

New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.