The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.

Production was essentially level compared with the second quarter and margins improved.

CFPB Director Rohit Chopra last month pushed states to subject nonbanks to CRA coverage.

Wide spreads are putting pressure on the value of MBS held in portfolio while also offering attractive yields for new investments.

“I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.

Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.

The Fed held rates steady Wednesday and the MBA anticipates that the next action will be a cut in 2024.

The GSEs are collaborating to create appraisal bias training for the appraiser community.

Change Lending has come to an agreement-in-principle with the CDFI Fund to regain its CDFI good-standing status.

Zillow's production increased 35% from the second quarter.