Merger discussions between Rocket Companies and Mr. Cooper Group started in October 2024. The transaction was announced in March only after Rocket made several revisions to its initial offer.

Acra, a top player in the non-qualified mortgage market, has a new CEO, Shawn Stone.

Many of the top five servicers had declines in either owned servicing or primary servicing during the second quarter of 2025. Much of the market share lost by the largest firms stayed within the top 25. (Includes three data tables.)

While delinquencies on loans in Ginnie MBS are much higher than for GSE mortgages, prices for Ginnie MSRs can rival those seen for GSE servicing, for some characteristics.

After working for more than two years toward a spinoff of Newrez, Rithm Capital paused the effort and will invest in the mortgage unit.

U.S. Bank sells mortgages originated by Union Bank; tariffs and interest rates; Mr. Cooper starts MSR fund; Congress plans to address housing.

Lakeview Loan Servicing remained the top agency servicer at midyear, including the largest portfolio of high-coupon MSR. Nonbanks continued to gain market share, as did Ginnie Mae. (Includes two data tables.)

Flood of mortgage servicing sales are impacting performance; mortgage bankers and brokers aren’t hiring much these days, if at all.

The One Big Beautiful Bill included a plethora of tax breaks for individuals and businesses. The bill also sharply reduced the CFPB’s budget.

There was little fluctuation in MSR values on a quarterly basis as of the end of June, according to an early look at MSR marks.