“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.

Mortgage warehouse commitment levels increased 22.0%.

Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.

Reperforming loans sold by Fannie had an unpaid principal balance of $558.7 million.

Don Layton noted that administrative reform of the GSEs will inherently retain most of the structures and obligations in the GSE charters.

“Tariffs and labor concerns contribute to our forecasts for flat to declining housing starts and completions in 2025 relative to 2024,” Fitch said.

The turnaround in servicing profitability was driven by markups in the value of mortgage servicing rights net of hedging efforts.

Mr. Cooper was the eighth-largest correspondent aggregator in 2024.

After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.

Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.