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.

The REIT associated with Angel Oak Companies reported a small loss in the second quarter after posting a profit in the first quarter.

Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.

“Our biggest concern is that the market sell-off becomes a self-fulfilling prophecy causing corporate CEOs to cut back on investments and consumers to pull back on spending leading to further cuts and a recession,” analysts at Morningstar DBRS said.

In owned servicing — which tracks the owners of mortgage servicing rights and whole-loan portfolios — the nonbank share increased from 55.9% as of the end of March to 56.9% at the end of June.

HUD said the changes will better align its regulations with advances in electronic communication technology and borrower engagement preferences, while preserving consumer protections.

The nonbank acquired servicing with a total unpaid principal balance of $20.8 billion during the second quarter with an eye on refinances.