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.

After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.

Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.

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.

The bulk of home equity lending remains in HELOCs by banks.