At its current pace, by the end of March Mr. Cooper Group will have overtaken Chase Home Finance as the largest GSE server. (Includes two data tables.)

FCC warns scammers are successfully impersonating mortgage companies; Rocket begins first phase of rebrand; household growth expected to slow; MBA expands college program; Lower acquires technology vendor; MTC increases transparency on MSR valuations; Voxtur Analytics considering a sale; automated loan mod offering.

It’s the first time Freddie’s MBS business has been larger than Fannie’s on an annual basis since 1991.

After noting a decline in market share during the second quarter, nonbanks increased their share of originations to 65.5% in the third quarter. The increase was driven by the largest nonbanks.

The lawsuit accuses Rocket Homes of steering customers to its affiliated companies for mortgage loans and closing services.

Ginnie MBS issuance outpaced the GSEs beginning in 2022, a trend that holds to this day. (Includes two data tables.)

Government lending increased by 14.5% while the rest of the market rose just 4.3%.

October deliveries to the GSEs were up 15.2% from September, largely due to a 66.4% sequential increase in refinances. (Includes two data tables.)

The far-reaching impacts of shifting from Classic FICO to a combination of FICO 10 T and VantageScore 4.0 have lenders worried about customer relations and fair lending problems.

A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.