Many believe, and with good reason, that there will be some turnover at the CFPB coming up. Here are the pay grades if you’re interested in a job. (I can’t attest to the accuracy of Rohit Chopra’s comp.) The MBA’s latest prediction for 2025 is that residential volume will be up nearly 30 percent, and the industry hopes the MBA is right. According to Curinos’ new proprietary application index, refinances decreased 38% in October; the purchase index decreased 32% for October as a whole. But October 2024 funded mortgage volume increased 50% YoY and increased 15% MoM. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.) At the other end of the mortgage digestive system, in the capital markets, the Fed’s MBS holdings have been running off, often through refinancing, so someone out there is doing them! (Today’s podcast can be found here, and this week’s is Sponsored by Calque. Partner with Calque to offer better loan solutions. Scale your business with a partner that puts your brand first and empower your clients to buy before they sell. Hear an interview with Prajna AI’s Ramesh Sarukkai on how mortgage companies can utilize the various types of AI to maximize enterprise value.) Lender and Broker Software, Services, and Products Major announcement from Byte Software. The enterprise-class features in BytePro are now available in ByteWeb, a new browser-based LOS platform featuring a fresh, modern user interface. With unlimited custom screens and fields, validation rules, macro automation, TRID warning lights, and much more, ByteWeb is available with the same affordable pricing structure that has allowed Byte clients to lower their costs while other lenders are stuck paying minimums based on 2021 production. You don’t have to choose between LOS functionality and affordability. It’s time to stop settling and start doing things your way. Designed to be both powerful and flexible, Byte gives you total control over your loan process and the freedom to do business the way you want. Maximize efficiency with a new browser-based UI, unlimited custom screens & fields, powerful data governance, flexible API, and workflow automation you can deploy with your in-house team. Request a demo to see why 97% of mortgage bankers say they would recommend Byte to their peers or visit here to learn more.