The average interest rate for a mortgage stood at 6.73% just before the release of the jobs report last week.

Blend Labs took a $19.4 million loss in the second quarter.

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.

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.

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

UWM took in net proceeds of $2.4 billion from MSR sales in the first half of 2024.

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