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One residential mortgage-backed securities vintage from a few years ago has consistently experienced higher delinquency rates, according to a new Morningstar DBRS report. Processing Content “2023 DQ levels on average continue to track higher than nearly all other deal vintages,” researchers at the credit rating agency wrote in the report published Wednesday. The researchers found […]

(Bloomberg) — Treasury Secretary Scott Bessent said that he’s prepared to expand efforts to buy back costlier debt and that the administration will be unveiling a new fiscal initiative to address the highest borrowing costs in years. Processing Content “We are announcing probably at the end of this week, beginning of next week, an increased

New-home purchase originations notably fell in July as mortgage rates climbed during the month. Processing Content Applications for newly built homes slowed 5.7% year over year, according to the Mortgage Bankers Association’s monthly builders survey. Compared to June’s increased activity, volumes dropped 1% on an unadjusted basis. “Purchase activity for newly built homes slowed in