“The market is forgetting how bad it can get because it’s been good for so long,” said Brian Simon, a managing director at Bungalow Funding, an MSR investor.

Higher revenues and lower expenses drive $3.56 billion in first quarter profits for the mortgage giant.

In the first quarter of 2025, Redwood Trust reported a $5.5 million loss.

According to the order, Chicago-based Federal Savings Bank sent millions of advertisements, telling consumers that they had “available funds” and should contact the bank; the ads were actually for a VA cash-out refi.

Fed holds rates steady for third time in a row; UWM adds VantageScore to reporting for conventional loans; Fresh housing supply boosts pending home sales in April.

An increase in Fannie's investment losses related to MBS acquisitions was more than offset by a shift from fair value losses to fair value gains.

M&T Bank expects its FHA servicing business will have strong returns in the second half of this year.

Two Harbors announced that it has amended its merger agreement with CrossCountry Mortgage during its 1Q earnings call.

A&D Mortgage credited its acquisition of Flagstar Bank's TPO platform for growing its lending footprint.

Castlelake, Redwood team to purchase up to $8 billion of prime loans; MBA's Broeksmit signals support for Basel III reproposal; Single-family housing starts increase in March.