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Fannie Fires More Than 100 Employees for ‘Unethical Conduct’

April 10, 2025
Dennis Hollier
Fannie and FHFA accused the employees of fraud and deceitful actions, but provided no details of wrongdoing.
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Chase Leads the Bid in a Frothy MSR Market

April 10, 2025
Paul Muolo
JPMorgan Chase recently paid 6.5-times the servicing fee for a package of low-coupon mortgage servicing rights.
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Nonbanks Boost Share of Mortgage Originations in 2024

April 10, 2025
Brandon Ivey
Nonbanks accounted for 65.2% of the residential mortgages originated in 2024. All of the top five lenders were nonbanks and they all gained market share. (Includes two data tables.)
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Republicans Target Biden-Era Loss-Mitigation Options

April 10, 2025
Emmeline Willey
House Republicans called for the Department of Housing and Urban Development to roll back the FHA payment supplement program.
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Nonbanks Ramp Up Promos for Spring Buying Season

April 10, 2025
James Dohnert
Nonbanks are offering discounts ahead of a spring homebuying season filled with uncertainty.
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Industry Opposes New York CRA Proposal for Nonbanks

April 10, 2025
Shannon Clark
The MBA has offered a number of suggestions on the New York Department of Financial Services’ proposed CRA requirements for nonbanks.
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Rocket and Mr. Cooper — It’s All About the MSR

April 3, 2025
Paul Muolo
Origination giant Rocket is purchasing servicing behemoth Mr. Cooper at a premium. The biggest risk for Rocket is that mortgage rates might finally decline markedly in the coming quarters. Or is that an advantage?
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Talk: Onity Considering Sale as Offering Book Circulates

April 3, 2025
Paul Muolo
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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Federal Judge Blocks Trump From Dismantling CFPB

April 3, 2025
Shannon Clark
Judge Amy Berman Jackson said the evidence in the lawsuit makes it clear that the Trump administration has no intent of operating the CFPB at all.
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CFPB Moves to Refund Townstone’s Settlement

April 3, 2025
Shannon Clark
The move could set a dangerous precedent, according to Adam Rust, director of financial services at the Consumer Federation of America.
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