Shares of the online mortgage company known as Better rose, triggering multiple halts for volatility. They’ve gained more than 450% so far this year.

The bipartisan bill, previously brought up in Congress’ lame duck session, got the Mortgage Bankers Association and Broker Action Coalition’s support.

The move will lead the New Jersey-based bank to eliminate over 100 employees, primarily within its mortgage lending operations, according to a state filing.

There were 35.2% more sellers than buyers in the market last month. June and July were the only routine months since at least 2013 with a greater percentage.

In the mortgage business, Rate has the biggest upside in the Compass-Anywhere M&A as it has joint ventures with both Guaranteed Rate Affinity and Originpoint.

Slow Burn With Little to Blame

Bonds started out sideways and lost a minimal amount of ground very gradually throughout the day. While there were multiple Fed speakers on tap, none of the comments garnered any clear reaction. In terms of timing, the losses only really line up with the start of the 9:30am NYSE open–something that can sometimes create tradeflow dynamics that impact bonds–especially when we’re only talking about the sort of modest move seen today.

Market Movement Recap

10:49 AM Slightly weaker after opening flat.  UMBS down 3 ticks (.09) and 10yr up 1bp at 4.136

02:46 PM 10yr yields are up almost 2bps at 4.415 and MBS are down 6 ticks (.19) on the day

Many participants promoted AI-backed products aimed at promoting engagement and retention of existing customers, with features from deepfakes to voice agents.

VantageScore 4.0 is more predictive than Classic FICO, offering a measurable lift in identifying high-risk borrowers and avoiding losses, according to the chief data scientist at VantageScore.

The average return on investment for flipped homes was 25.1% in the second quarter this year, the lowest point since the second quarter of 2008.

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