New York Community Bank’s new leadership has plans to return to profitability. It’s not clear how residential mortgages fit into those plans.

The state’s final CRA standards have some “problematic elements,” which the MBA said it had highlighted during the comment period.

Servicing outstanding increased by an estimated 0.3% in the first quarter. Meanwhile, Mr. Cooper Group, which recently became the largest primary servicer, boosted its portfolio by 14.6% from the end of 2023. (Includes three data tables.)

The amount of servicing outstanding in Ginnie MBS increased by 1.6% during the first quarter. Lakeview/Bayview Loan Servicing increased its market share thanks to large purchases of MSRs.

Complaints filed with the CFPB regarding mortgage servicing went up in the first quarter of 2024, while issues tied to mortgage originations declined. (Includes two data tables.)

Plano, TX-based nonbank NFTN recently failed and its servicing transferred to Ginnie Mae.

Two large nonbank retail lenders took losses in the fourth quarter, with officials stressing that better days are ahead. Guild is growing through M&A while loanDepot is reducing its staffing.

Employee count increased at United Wholesale Mortgage in 2023, while at Rocket Companies it was down 20.5% on an annual basis. (Includes data table.)

The equity investment is led by Liberty Strategic Capital, a firm headed by former Treasury Secretary Steven Mnuchin.

Select Portfolio Servicing remained the largest nonprime mortgage servicer at the end of 2023. Delinquencies in the sector are climbing. (Includes data table.)