This week’s top legislative and policy news from the Mortgage Bankers Association.

LenderLogix, Buffalo, N.Y., released its Homebuyer Intelligence Report, finding that in the second quarter, pre-approval letters generated via LenderLogix’s software rose by 11.9% from Q1 and the average pre-approval loan amount increased to $367,305.

Mortgage Capital Trading, San Diego, said its Lock Volume Indices report showed modest decline in July. But refinance segments outperformed expectations despite continued uncertainty in the housing market.