The 10-year Treasury rate is declining and the possibility of a recession is growing.

Multiple factors are weighing on the spread between the 10-year Treasury rate and interest rates on mortgages.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

It will be the 11th issuance of its type by loanDepot.

Among other requests, the coalition of lender trade groups wants FHFA to conduct a cost/benefit analysis of the initiative.

“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.

Mortgage warehouse commitment levels increased 22.0%.

“Tariffs and labor concerns contribute to our forecasts for flat to declining housing starts and completions in 2025 relative to 2024,” Fitch said.

The turnaround in servicing profitability was driven by markups in the value of mortgage servicing rights net of hedging efforts.

Mr. Cooper was the eighth-largest correspondent aggregator in 2024.