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

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

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.

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.

One servicing advisor said he has “deals in progress,” just not as many as this time last year.

Sachem's expenses spiked in 2024, including a $26.9 million provision for credit losses on loans held for investment.

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.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

Cenlar was the runner-up with $742.0 billion of contracts at the end of 2024.

In February, MBA was projecting a 25% chance of a recession within the next 12 months. Now, the projection is a 35% risk.