Rocket Will Continue Mr. Cooper’s Correspondent Business April 1, 2025 Brandon Ivey Mr. Cooper was the eighth-largest correspondent aggregator in 2024.Read More
Some CFPB Employees Leaving Bureau Amid Uncertainty April 1, 2025 Shannon Clark After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.Read More
Brookfield Asset Management to Acquire Majority Stake in Angel Oak April 1, 2025 Brandon Ivey Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.Read More
Rocket Agrees to Buy Mr. Cooper. More Deals Afoot? March 31, 2025 Paul Muolo Last week rumors were circulating in the industry that a top-ranked nonbank was about to be sold, but the name being floated was not Mr. Cooper.Read More
Home Equity Lending Increases by 10.8% in 2024 March 28, 2025 Brandon Ivey The bulk of home equity lending remains in HELOCs by banks.Read More
Correspondents Regain FHA/VA Market Share in 4Q March 28, 2025 Andras Malatinszky Correspondent production made up 46.1% of the group’s government-insured volume in the fourth quarter.Read More
Business-Purpose Lender Sachem Struggles in 2024 March 28, 2025 Brandon Ivey Sachem's expenses spiked in 2024, including a $26.9 million provision for credit losses on loans held for investment.Read More
Short Takes: Fannie Expects Lower Rates / FHFA Deems Climate Risk a ‘Transverse Risk’ / Pending Home Sales Decline / Affordable Homeownership a Focus for OCC March 28, 2025 Brandon Ivey Fannie Mae projects that the average interest rate for a 30-year fixed-rate mortgage will fall to 6.3% by the end of 2025.Read More
CFPB Moves to Return Townstone Settlement March 27, 2025 Shannon Clark The CFPB plans to dismiss its case against Townstone and reverse a settlement the parties reached last year.Read More
Trump Administration Revises Residency Requirements for FHA March 27, 2025 Emmeline Willey The change applies to borrowers such as those with work visas.Read More
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