JPMorgan Chase recently paid 6.5-times the servicing fee for a package of low-coupon mortgage servicing rights.

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.)

House Republicans called for the Department of Housing and Urban Development to roll back the FHA payment supplement program.

Nonbanks are offering discounts ahead of a spring homebuying season filled with uncertainty.

The MBA has offered a number of suggestions on the New York Department of Financial Services’ proposed CRA requirements for nonbanks.

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?

Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.

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.

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

The preliminary injunction only applies to workers who live or work in Washington, DC, and the 19 states that sued the Trump administration over the mass layoffs of probationary employees at 18 federal agencies.