A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.
Harris reiterates housing plan at debate; Trump vows to prohibit mortgages for undocumented residents; CFPB plans open banking rule for mortgages; Rocket to rebrand.
Freddie issuance totaled $35.67 billion in August versus $34.36 billion at Fannie — a rare instance in which Freddie was the larger issuer. Year to date, though, Fannie is still the leader. (Includes two data tables.)
GSE MBS issuance declined by 3.3% on a monthly basis in July. Fannie lost a little market share to Freddie during the month. (Includes two data tables.)
Rocket is turning profits again after taking a loss in 2023. Now the lender is working to regain the market share it lost, using various strategies for both purchase mortgages and refinances.
Chase remains the largest servicer of GSE loans at the halfway mark this year, but a 16.4% surge in volume at Mr. Cooper Group, the number two GSE servicer, cut deeply into Chase’s lead. (Includes two data tables.)
Nearly all of the top 30 GSE sellers managed to increase deliveries to the enterprises in the second quarter, helping drive a 33.1% sequential bump in sales. Even so, year-to-date deliveries were down slightly. (Includes two data tables.)
The volume of government purchase loans securitized into Ginnie Mae mortgage-backed securities grew in May for the third month in a row. Refi volume declined somewhat compared with April.