The Trump administration vowed to continue the effort to fire Cook, alleging mortgage fraud.

Issuance increased by 7.8% from July and marked the strongest monthly total since November 2024.

"As we look forward, I think it’ll be gradual," Brian Brown, chief financial officer and treasurer of Rocket Companies, said of improvements in the housing market for homebuyers.

There's the possibility for a borrower to be behind by one or two months on payments, and the servicer has missed FHA's deadline to start a foreclosure.

The largest securitization in the batch is a $654.4 million prime non-agency MBS with loans originated by JPMorgan Chase Bank.

If subservicing is included in FHFA's market share cap, Rocket plans to shift some of the servicing mix at the combined Rocket/Mr. Cooper.

Nonconforming products accounted for 21.2% of first-lien originations in the second quarter, according to a new analysis by Inside Mortgage Finance.

There's no timeframe yet for potential adjustments to the ATR rule.

Knock and Arixa separately issued their inaugural securitizations, with strong demand from investors.

UWM contributed to three non-agency MBS that started marketing Thursday.