The parent of Better Mortgage took a $42.2 million loss in the second quarter compared with a $51.5 million loss the previous quarter.

“We have identified a number of predatory practices, including high-pressure door-to-door sales where families are baited into expensive loans that wipe away the savings from a solar installation,” said CFPB Director Rohit Chopra.

The lender has issued more than $4.7 billion in unrated securitizations since it started its securitization program in 2019, about $1.0 billion of which was issued in just the first six months of this year.

Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.

Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.

To help ease its financial pain, loanDepot sold some MSRs during the second quarter.

The bureau's amicus brief argues that the plaintiffs have the right to sue Nationstar for violations of the Fair Debt Collection Practices Act.

Much of the improvement in FoA’s earnings in the second quarter was tied to fair value changes.

The nonbank looks to have sold more MSRs during the second quarter.

Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.