The lender ranked 35th in the industry in terms of originations in the first half of 2024, according to Inside Mortgage Finance.

Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.

Pre-tax income in the servicing segment hit $354 million in the second quarter, including a mark-to-market gain of $68 million.

“Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.

PennyMac's board boosted the second-quarter dividend 50% to 30 cents a share.

Some proposals that were planned for the spring or summer are now not expected until December.

The disclosures include VantageScore scores from all three credit reporting companies — TransUnion, Equifax and Experian.

A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.

While Fannie economists see two rate cuts this year in their crystal ball, economists at Freddie suggest that there might only be one.