A bipartisan group of mortgage industry players opposes FSOC’s proposal to create a fund to help sustain mortgage servicers in times of stress.

Mortgage servicers should consider factors specific to borrowers’ circumstances when offering loss-mitigation options to avoid foreclosure, according to a recent Mortgage Bankers Association report.

Senate fails to move tax bill, which included changes to LIHTC; GSEs, FHA extend compliance deadline for ROV requirements; Treasury pushes FHLBanks on affordable housing; Morningstar concerned that market sell-off will become a self-fulfilling prophecy; loanDepot sets money aside for settlement related to a cyberattack.

The servicing acquisition from Flagstar puts Mr. Cooper’s pro forma portfolio at the end of June at about 31% higher.

Second-quarter acquisitions increased at the government-sponsored enterprises, but profits remained stable as credit reserves shifted.

The trade group said now is the wrong time to increase NMLS fees. It also criticized the proposal for the lack of justification for the changes.

When it comes to MSR sales, UWM is a frequent user, but in the first half of 2024 the company exceeded expectations. For now, its model is: Originate MSR, then sell them.

Some lenders are ramping up hiring in anticipation of a cut in interest rates later this year. However, some observers don’t believe a rate cut will boost originations enough to warrant rising headcounts.

FHFA hosted a symposium on improving the relationship between the FHLBanks and CDFIs.

Mr. Cooper, which has been tapping the unsecured paper market since 2020, has done it again — this time at a relatively cheap rate of 6.5%.